VERU log chart. Wedge within a megaphone and channel.

2021년 2월 19일

This is a mighty COVID treatment play. It's a coin flip whether it will break up or down out of the blue dashed wedge, but when it does. . . there are many place it can go. Options prices remain elevated even for $10 strikes (around the lower ascending channel). All depends on the Phase III trial data and analysis.

Personally, I bought 1000 shares in the February pullback before the mega rally, sold into strength, and still hold 150. I've been selling $10, $15 and $17.5 strike weekly puts and taking profits at 50% to 75%. I will take any long red candles as an opportunity to sell lower-strike puts.

So my bias is long, but to sell into strength. Caveat emptor.

2021년 2월 25일

노트

PLTR is out of the wedge to the downside, and the first bounce zone is $12-13.