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The Regarded, Confused Virgin Play
Investor summaryBullish
Betting on SPCE to surge past $8 tomorrow as retail confuses SpaceX news with Virgin Galactic, buying $7 1DTE calls.
Bull points
- SpaceX confusion thesis: Retail investors often confuse SpaceX news with Virgin Galactic, blindly driving up SPCE's price.
- Abnormal volume and momentum: SPCE is already seeing massive volume today ahead of tomorrow's expected SpaceX catalyst.
- Cheap options: $7 1DTE calls are still relatively cheap for a potential $8+ move tomorrow.
SPCE逼空 / Meme
Post body
Gentlemen, we nutted too early last Monday.
Hype around the Virgin retardation-confusion play went through the roof two weekends ago, which caused us to blow our collective load two weeks early. However, the retardation thesis still stands.
The actual catalyst for the SpaceX confusion thesis is tomorrow, and we already see Virgin moving heavily today with abnormally massive volume.
We could easily see $8+ tomorrow, and I'm betting on it with $7 1DTE calls which are still relatively cheap.
Positions: 500x $7 Virgin Jun 12 Calls.
Not Financial Advice. VisualMod, stop deleting, the market cap is above half a billion right now.
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