NVAX - Setting up nicely for Short

With 100% implied volatility - and 3 month options costing 225% of Implied Vol. You can safely bet on a short, soon you pick the top with your fav strategy.

Analysis -
This whole run up is for a huge offering.

Company has no cash or cash equivalent.
Upcoming obligations - $342k + unknown research cost and operating expenses.

If I read this correctly, About 4.9M shares are going to be dumped (Around $30 peak, or before) Soon will roll down. - Looking for 3 month mark.

secfilings.nasd...ingFrameset.asp?FilingID=1...
secfilings.nasd...ingFrameset.asp?FilingID=1...

Comment:

That's exactly how these stocks play. Up and Down. Up and Down.

Still in play for quick trades. Big short - within 3 months.

Comment:

Re-testing the major support, watch for either hold or break.

Next level of support is $18, $15

Comment:

Now, as it approaches 15. Considering the number of days in the trade.
I would take profits.

Comment:

NVAX is giving me an early Long Setup. Due to its trend, and the sector. I would consider some Credit Spread Position - Provided It triggers an entry in a couple of days.