braydenboyko

BNGO Fairly Priced?

Long
NASDAQ:BNGO   Bionano Genomics, Inc
NASDAQ:BNGO

BNGO has seen a steady decline over the last 8 months, you can read my past articles for the reasoning for this.

I believe we have now found our fair value of this company. the stock has been steadily holding the $3.00 line for the last one and a half weeks. It has as well been hovering around the oversold (30) on the RSI index. After bears have been manipulating the prices down, it has become clear the mood has shifted. Will we have a Christmas run? I don't believe so, but I believe the new year will be positive prior to the tapering. If you are holding this company for years, the short term price should not matter to you, unless it means you can purchase more! Best of luck all and happy holidays!

Current Options Positions
Short Calls - Strike 5.00 @ 1.21, 21-01-2022
Long Puts - Strike 2.00 @ 0. 05 , 21-01-2022
Short Calls - Strike 6.00 @0.21, 21-01-2022

Current Stock Positions
@5.97
@4.00
@3.69
Average Price: 4.3425

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