My lucky 14x profit on NVAX and why I am still ready to short it
I covered my shorts on NVX once 150 was reached. See my linked idea.
I did this trade with puts. Which were mostly crazy expensive at the time, but I was able to get 175 3/05 Puts for about $1.50 a couple of weeks ago.
I sold them today for an average price of 20.5, which gives this trade a 14x result.
Looking at the chart and at fundamentals, I will be looking for a short reentry. Let's see if I get a chance! There seems to be good support at 70-80 level.
I did this trade with puts. Which were mostly crazy expensive at the time, but I was able to get 175 3/05 Puts for about $1.50 a couple of weeks ago.
I sold them today for an average price of 20.5, which gives this trade a 14x result.
Looking at the chart and at fundamentals, I will be looking for a short reentry. Let's see if I get a chance! There seems to be good support at 70-80 level.
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