FLGT - home COVID test kit Emergency Use coming
Updated
+ 
FLGT pending Emergency Use for its Home COVID Test kit
+ COVID hospitalization and death at all time high
+ COVID expected to continue to surge through Jan-Feb
+ people reluctant to leave the house especially to hospital/COVID test loc. in fear of COVID
+ older people may have hard time leaving the house
+ more frequent tests needed for high risk jobs
+ short float 25.75% 14.23M shares
- vaccine news = decreasing max gains in the future
#tradeidea
+1 CALL Jan 15 $42.5
-3 PUT Jan 15 $40
+3 PUT Jan 15 $35
Enter on breakout confirmation of the wedge pattern.
Once price moves away, close the put spread.
Sell call after short squeeze.
FLGT pending Emergency Use for its Home COVID Test kit+ COVID hospitalization and death at all time high
+ COVID expected to continue to surge through Jan-Feb
+ people reluctant to leave the house especially to hospital/COVID test loc. in fear of COVID
+ older people may have hard time leaving the house
+ more frequent tests needed for high risk jobs
+ short float 25.75% 14.23M shares
- vaccine news = decreasing max gains in the future
#tradeidea
+1 CALL Jan 15 $42.5
-3 PUT Jan 15 $40
+3 PUT Jan 15 $35
Enter on breakout confirmation of the wedge pattern.
Once price moves away, close the put spread.
Sell call after short squeeze.
Trade closed: target reached
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