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TheScalpman
Aug 4, 2021 6:55 PM

MRNA. surely its a good RR short into earnings (with puts) Short

NASDAQ:MRNA1D
Moderna, Inc.NASDAQ

Description

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MRNA is in absolute beast mode.
I dont understand it.
I know its market cap and i know its revenue and i know its one product.

I understand anything can happen, even if its 2x overvalued it can still go up 2x more but i think its a good RR short into earnings tomorrow

Will use 370 puts at current price of $2.80 at 3pm

I think they are cheap given the potential

Even if they beat earnings etc it could still go down due to the parabolic nature.of the pump
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Comment

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lol. i underestimated how much they could pump it before the inevitable dump. that why you buy puts instead of shorting it.!!
Beyond Technical AnalysisMRNA
Comments
wardaK
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Excellent! I bought puts as well. I don't get it, why is it going crazy up and up when I saw a bearish divergence.. Is has to go down. Hoping. :)
KangTheDojiConqueror
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@wardaK squeeze was the Motivo and now's it's pure AMC fomo again
amrendra1
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What is RR shorts?
Natestradamus
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30 min rsi has never been higher in the stocks existence. hourly only slightly higher one other time. up over 300% on the year and over 100% in a month with a good chunk of that happening the past 2 days. I agree a great RR since earnings very likely baked in here
amrendra1
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@Natestradamus, pardon my lack of knowledge .. what is RR short ? thanks
Natestradamus
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@amrendra1, risk reward
amrendra1
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@Natestradamus, thank you!
Squirtle69
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@Natestradamus, thank you
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