SAGE - ON WATCH for a Short - Fundamental play #COVID19

Watch this BioTech - Selling #COVID19 Hype, squeezing a small percent (19%) for shorts in the market. I am not looking to buy the hype train. Instead wait for a peak, then go Puts. (if VIX is normal by then, Buy the Puts, otherwise spread)

This play will materialize in two weeks - Otherwise Expires. Visit back.

This is a biotech - we wont have any cash flow. But they do not have cash either to cover this year expense.

WAIT, WAIT, WAIT and then Fire.

Comment:

Setting up nicely. Wait for another spike up. Then load when the steam gets off.
Still in play