Nothing_is_given

Option chain indicator saving lives

Long
NASDAQ:VERU   Veru Inc.
Put to call ratio for tomorrow is currently 0.25 OTM and 0.64 ITM for 19 Jan 24 OTM is 0.32 and ITM is 0.02 which is insanely bullish. One standard deviation from implied volatility tomorrow is + or - 1.32 hitting support at 11.32 or resistance at 14 important note 1/3 of all the calls tomorrow have a strike of 14 and nearly half with a strike of 15. Possible continuation of bull flag tomorrow with a target of 20 based off of flag and monthly cup and handle formation. PS VERU received an EUA in May for a COVID treatment. With FDA approval likely within a month or two taking them from millions in revenue to billions, current high short interest at 32.02 and 1.6 days to cover because business metrics are bad, potential squeeze with approval or any positive run before approval if the heavy resistance at 15 is broken and turned to support.
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