/biz/ - Business & Finance

Anonymous Tue Sep 20 05:19:02 2022 No.51526146 [View]
File: 114 KB, 1834x838, cmrx.png [View same] [iqdb] [saucenao] [google]

>>51526091
Honestly, this week is key. For the last few months, there's a huge uptick on trading volume (30m+ against a daily average of 5m) and a rally to ~2.50 that falls off in a day. We're about that time of the month when it happens.
So I'm expecting a bit of a rally, then I'll sell some calls. I dislike that it broke out of its channel and doesn't have a huge option chain.

I did see a lot of volume on SPY Oct 12th options as well, so I have that as a tentative date to close another unrelated position

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