BUY $MVIS PT 8.45 PT2 9.5 SL 6.28
Updated
Rationale
Volume Shelf, Large demand in the 7 zone
Coil pattern
Buyout rumors
Other similar lidar companies like LAZR are in an upward trajectory
Peculiar -Options contracts go up to $19 for Feb, but not for March
Options value & flow is above average
Secondary offering back in December
Thanks to the market wide pullback on friday. This
MVIS play I played earlier in the week is coming back for a second round, with the price retesting the volume shelf (again!). I'll be entering monday, assuming it doesn't gap up. This time i'm going to use a tight stop.
Volume Shelf, Large demand in the 7 zone
Coil pattern
Buyout rumors
Other similar lidar companies like LAZR are in an upward trajectory
Peculiar -Options contracts go up to $19 for Feb, but not for March
Options value & flow is above average
Secondary offering back in December
Thanks to the market wide pullback on friday. This
MVIS play I played earlier in the week is coming back for a second round, with the price retesting the volume shelf (again!). I'll be entering monday, assuming it doesn't gap up. This time i'm going to use a tight stop.Trade closed manually
both PTs were hit
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