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Is this a good entry point on SWAV

Posted on 11/24/21 at 8:00 am
Posted by LChama
Member since May 2020
1982 posts
Posted on 11/24/21 at 8:00 am
Down to 188 from 240 post earnings. Super strong company and leader in the industry. Great earnings. Had thought they would be a buyout candidate at some point.
Anyone else in the industry know what is going on with this one?
This post was edited on 11/24/21 at 8:01 am
Posted by Beessnax
Member since Nov 2015
9525 posts
Posted on 11/24/21 at 8:09 am to
I have been watching it as well and was thinking about doing some long calls when it settles down. It only has a 33M float and is heavily institutionally owned so you would think it would have a higher probability of rebounding.
Posted by LChama
Member since May 2020
1982 posts
Posted on 11/24/21 at 8:27 am to
Just a couple weeks ago i wouldve thought we would never be below $210 again. Everyone I know in this industry says this compan is the best in class. We use it constantly with incredible results. Plus they just started a brand new clinical trial.
I think long term calls may be a great way to play this
Posted by TchoupitoulasTiger
NOLA
Member since May 2011
1271 posts
Posted on 11/24/21 at 5:42 pm to
I’m a chart nerd so I always enjoy looking at a chart that I’ve never seen before. It’s a really nice chart. I like how it’s respecting its channel. SWAV hasn’t really tested the lower/support end of this channel since it was put in mid-late March. But the fact that it stopped/paused its sell off and respected the support level of the channel is very encouraging. I don’t have a crystal ball, but I’d expect it to vibrate along this support level before it starts to trade its way towards the mean of the channel.

If I wanted to own it, I’d sell a Dec. $190 put (2% below where it closed). You’d collect $740 in premium on the bid and if you get put the stock, that’d put your cost basis at $182.60.
Posted by LChama
Member since May 2020
1982 posts
Posted on 1/20/22 at 9:40 am to
Even more enticing down here. Anybody hearing buyout rumblings?
Posted by Rust Cohle
Baton rouge
Member since Mar 2014
2029 posts
Posted on 1/20/22 at 10:17 am to
Why try to guess when a downtrend will reverse, when you can pick a bounce on an uptrend.
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