Fish In A Barrel

[Gregmal]

Anyone stalking shitty biotech companies that are temporarily soaring on the coronavirus news? Here's a few I'm watching. NVAX, BCRX, INO, NNVC and NBRV.

 

 

I am in no way condoning shorting these(although I probably will myself). There are many dynamics both fundamental in particularly technical that could make them horrible shorts if you time it wrong....but theres definitely sucker money flooding these things, many of them have already rung the register and done an offering on the first sign of an uptick, and there will certainly be a retreat back to where they were prior.

 

Curious if anyone is playing this temporary "theme" and how?

[lnofeisone]

Anyone stalking shitty biotech companies that are temporarily soaring on the coronavirus news? Here's a few I'm watching. NVAX, BCRX, INO, NNVC and NBRV.

 

 

I am in no way condoning shorting these(although I probably will myself). There are many dynamics both fundamental in particularly technical that could make them horrible shorts if you time it wrong....but theres definitely sucker money flooding these things, many of them have already rung the register and done an offering on the first sign of an uptick, and there will certainly be a retreat back to where they were prior.

 

Curious if anyone is playing this temporary "theme" and how?

 

I've been trying to sell some NVAX covered calls but can't get a good fill. Put prices are out of this world but I'm not comfortable to short them.