poppii
06-03 20:45

$Invesco QQQ(QQQ)$ SLS shorts, what's the plan now?

The warrant shield is gone.

For years, shorts could hide behind a massive warrant overhang and point to dilution risk.

That game is over.

Now you're holding a short position overnight against:

A survival-driven Phase 3 trial

Event #80 pending

A company with cash

Significantly reduced warrant coverage

Think about how absurd that is.

You're betting against a trial that has survived multiple IDMC reviews and has taken more than 6 months longer than many expected to reach final analysis.

And you're doing it with far less protection than existed a few months ago.

Every day Event #80 doesn't happen, you're paying to carry the trade.

Every day you wake up short, you're one headline away from finding out exactly how much risk you've been carrying.

Good luck with that.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment