To win the big lotto.... Buy a ticket!
GD, I really hope our TLD arrives this week. Let’s meet at Pebble Beach or BeaverCreek the next week and figure out what to next.
Sushi is probably correct here, but that doesn’t mean the gamma play isn’t the best way to go. You need to keep buying tickets to win the lotto. Possibly playing and losing for eight months will still prove to be the best way to have invested in CVM.
Besides the much-heralded Bleach Tape Indicator for biotechs, I’ve noticed another oddity with short squeezed stocks: they sometimes have a curved support pattern before the rip. If you look at some of the recent names in the news you’ll see it. The support is not linear but curved like a bowl. I’m NOT talking the forty-year-old “cup and handle pattern,” which can last eighteen months; rather this is only a couple three weeks.
I was scratching my head: why? Are gamma trader’s “bending” support lines? As we approach expiration dates, if option premiums are too rich, they have the effect of luring in buy long-sell call investors. The closer we get to sushi’s predicted glorious day, the more expensive the gamma play becomes. So it ‘bends” support north, which makes the gamma play more expensive.
The above is pretty funky analysis, but I think I can feel it.
Please capitalize on your prior experience of too-high control arm OS and plug it into our calculator. What does that truly infer here? Maybe it’s not as bad as you think. (Or maybe worse) Let us know.
Cheers from a Spring skiing Oregon,
Jim
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