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Originally Posted by logo
I’m not a gastroenterologist (but I am a physician) - my understanding of EoE is that it is an allergic hypersensitivity reaction (like nickel allergy on skin). As a consequence, many patients find relief from avoidance of triggers. Many also seem to do well with a proton pump inhibitor (which are very cheap drugs). More severe cases need steroids, which isn’t ideal long term. So I’d be cautious on how often the drug would be used - EoE is not super common (~1/2500), with most not being extremely severe.
Re: FDX. Hoping it dumps at open as I’m considering calls. Any calls you’d suggest looking for in terms of short vs long expiry ITM vs OTM?
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Thank you for sharing, that is good insight. I spent a ton of time researching the rest of their pipeline which is extensive for the next 10 years. My hope was this EoE approval would be the catalyst to push them above $20. Either way, have 13 months for this to play out and with Cathie Woods loading into this and I know her team in/out, I have full confidence.
I own FDX June $320C, wanted to give myself plenty of time after this earnings. They are increasing prices and margins for the next two quarters, usually their holiday season ends just after xmas but they are forecasting a run all the way through Jan 19th. Upcoming quarter includes black friday and cyber monday, so I will wait on these positions until then at least. Looking at the order book, I see a lot of orders around $280, so I can't imagine we dip below $280 tomorrow and I will look to add if we are down in the AM.
Going to see what tomorrow opening bell brings, I think a lot of people come to their senses and see what a blowout quarter it was along with the positivity on their earnings call pushing it green. If not, I will look at June calls and Jan 2022 leaps to see where IV comes the most down. If you want less risk, go further ITM, I typically shoot for 10-15% OTM depending on the security, expiration and my personal PO.
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Originally Posted by GB-man
Yeah honestly I don’t buy it. I think it turns green by mid day.
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Right on brother, not sure if the TSLA inclusion tomorrow will force index funds to trim most sp500 company positions for inclusion, which could cause more than normal sell volume in FDX.