VGAC stock has slumped, maybe because investors were expecting a different merger SPAC partner. But I think now can be a great time to buy 23andMe stock, VGAC = ME. By March 31 of this year, the end of FY2021, 23andMe expects that it will have genotyped over 11 million customers, according to the data from its merger presentation. Revenue this year should come in around $218 million, with 23andMe seeing a path toward nearly doubling that figure over the next three years. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
Thanks! I have 1,000 shares and 10 April 16 10 dollar calls. I might add more calls if it dips bellow $11.
Options360
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@R5turbo2, 23andMe is definitely worth $3-5 billion imo. So even at it's current price with a 760M market cap it's undervalued. Good luck.
Options360
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@R5turbo2, I got four 3/19 expiry strangle yesterday.
VGAC 3/19 expiry
$10 put
7,027 open interest
$12.50 call
23,014 open interest
I'll add six more today to make it an even ten.
The Put/Call Open Interest Ratio = .22
I like to enter strangles when the share price is at equilibrium. It was right on the button at $11.25
Another different type of low risk strategy is an ITM strangle $12.50 put, $10 call.
Options360
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@R5turbo2, I wound up making my VGAC position 2:1 bullish ratio strangle. 14 calls & 7 puts. 3/19 expiry $12.50 call, $10 put. While volume and Implied Volatility is low.
Options360
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@R5turbo2, now I have twelve $10 puts, nineteen $12.50 calls & one $10 call. Lol. I just keep adding to my position every day this week.