/biz/ - Business & Finance

Market doesn't know what it wants to do.

>>13744995
Since I’m in a good mood
Options are a great way of understanding investor sentiment. The volume on the 5/20 $20 strike was high and as you can see a lot of people lost money today but the put volume was low and people made good money on that. In this instance however, it’d be hard to judge what to choose regarding where the price is going as the volume for the calls outbid the volume for the puts so to me this smells of insider trading shit and probably doesn’t say much to the stock price itself today. It’s possible the pullback was needed and that those 143 dudes knew the stock would go down based on insider info so they made money and the call dudes were like me and you thinking “Well the stock is on the dip so buy now!” But in reality we would lose however now that those options have expired the price could see a potential reversal as know one knows where it goes next. Check the options for the next month and see what it looks like that should give you a better look at the sentiment and how to play from there. Be warned though. Those options are a perfect example of the bull trap thesis showing how even people who are certain they know the stock needs to go up can be very wrong.
I use option chains to determine big plays on a stock before making a commitment.

I'm not in it but is anyone seeing this CANF drama?

Was up 60% and then announced an offering at 4 dollars mid day. They had an offering a month ago. It's wojak territory over there for fomo people.

Might buy some Pinterest tomorrow if it's gonna sell off that much.

>>13552342
What does he say about LCI if it had no lawsuit rumor?

Futures green?

>>13492587
Agree, it'll likely just hover around the $4 mark until the RO is over
GALT is still just as promising as it's always been in the long term, it's just a matter of me personally being stressed out lately

I also think they'd only cancel the RO for a buyout, even if they announce a partnership, the best thing to do would be to do the RO to get the money for the NASH trial and then use the partnership money for other indications (phase 2 Keytruda combo trial, launching studies into Endometriosis, etc)

Calls on Pfizer?
Pretty sure the knife drop was mainly FUD. And it’s looking to come up from their month chart and definitely got oversold. Thinking of a May 10....

>>13388657
Meh this will barely touch the market at best you’ll see some small tech and chip companies go down a bit but nothing to crazy don’t let the FUD get to you gonna be a great day Monday