+ FLGT pending Emergency Use for its Home COVID Test kit + COVID hospitalization and death at all time high + COVID expected to continue to surge through Jan-Feb + people reluctant to leave the house especially to hospital/COVID test loc. in fear of COVID + older people may have hard time leaving the house + more frequent tests needed for high risk jobs + short float 25.75% 14.23M shares
- vaccine news = decreasing max gains in the future
#tradeidea +1 CALL Jan 15 $42.5 -3 PUT Jan 15 $40 +3 PUT Jan 15 $35
Enter on breakout confirmation of the wedge pattern. Once price moves away, close the put spread. Sell call after short squeeze.