Digging through biotechs analyzed by billion-dollar financial professionals, I’ve come across one, which I’ve been knocking down time and time again in 2020, which could pop today.
This stock even caught a $67,000 call option sweep yesterday… and has YET to explode!
And while you still can…
|Ticker Code||Ticker Name||Ticker Industry||Price Change||Average Volume (50)*|
|BLU||BELLUS Health Inc||Biotechnology||-289.85%||7,210,844|
|VRNA||VERONA PHARMA P/S ADR||Biotechnology||50.90%||3,228,687|
|CRVS||Corvus Pharmaceuticals Inc||Biotechnology||24.54%||3,988,096|
|ABEO||Abeona Therapeutics Inc||Biotechnology||7.64%||1,041,342|
|INMB||INmune Bio Inc||Biotechnology||62.07%||1,904,246|
|SRNE||Sorrento Therapeutics Inc||Biotechnology||53.83%||26,330,035|
|AIM||AIM ImmunoTech Inc||Biotechnology||31.44%||5,764,826|
|ACIU||AC Immune SA||Biotechnology||10.89%||1,634,321|
|DRNA||Dicerna Pharmaceuticals Inc||Biotechnology||20.68%||738,610|
|RIGL||Rigel Pharmaceuticals, Inc.||Biotechnology||39.03%||12,776,365|
|INO||Inovio Pharmaceuticals Inc||Biotechnology||53.17%||47,279,304|
While Inovio Pharmaceuticals (NYSE: INO) may be a speculative stock to many, through 2020 it has seen multiple catalyst-driven volatile swings which have resulted in a few of my best trades.
Upon doing some research, it came to my attention that financial professionals with $1B+ in assets under management are taking a look at it today… maybe they’re even getting ready to make a move.
And I may have seen a tease yesterday at 9:51am ET, when an option player came in and bought…
Paying $1.45 Per Contract
For a $67k Purchase
Could INO trade toward $30 or higher from here?
It’s possible! Afterall, this is the stock market, where almost anything seems possible.
Here’s what I can tell you about the chart from a technical standpoint…
Since June 15 of 2020, each time INO has pulled back to its 20-day simple moving average line (green line above), it has simply pulled back for a day or two, only to set up for an explosive move to the upside.
I’ve been able to make these trades as they happen because each time INO has rested on its 20-day simple moving average line recently, big-money call option buyers pour money into a bullish bet on INO conveniently “just in time” to catch its next big move to the upside.
While INO did catch a $67k call option sweep yesterday, I’ll be looking for more sweeps today – possibly of larger dollar amounts.
Should I see INO gaining call option sentiment above its 20-day simple moving average line, that’s when I’ll consider making a move.
But if the above scenario doesn’t play out on INO today, here are two bonus trade ideas I’m looking at this morning…
WKHS July 24 16 Calls
NFLX July 24 525 Calls
And of course, I’ll be in touch mid-day with even more updates and trades on watch!
Disclaimer: This is not investment advice. This article is for information purposes only and opinion-based on financial advisor data across a selection of websites. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions.