Lockup expired September 3rd, but it was heading into ER and couldnโt sell as a result. Though ownership was small as I understood it. Seems like momentum trades to me at this point.
$FPS sold out my Calls today, no $40. Taking a bearish view until the end of the month. The six month lockup expired on insider sells back Sept 3rd though relatively small. Founding equity group has made it quite clear they want to exit their remaining stake.
Management delayed ER for stock option issuance. Stock had 5000 Calls Expire out of the money in August. Bought Sept $40 Calls for $3.80 ๐ฑ bought more Wednesday $0.15 averaged out at $1.42. Bought Sept $35 Call for avg $0.63. Maybe theyโll hit this like NBIS and itโll get $52 ๐
@aki35orz Surprised to see a close near $36. I thought $36.50 would hold. The 5300 put options expiration Friday make me wonder if we wait til Monday to see a moveโฆ but I hope not.
$FPS was tough to figure out where this was heading most of the week. Expect no catalysts before earnings couldnโt figure. Bought some options for next week, $37.50 puts looked good yesterday, but locked in the $37.50 Aug 21 Calls
$FPS Well my shorts were ugly. Only redemption is Gov Abbott putting a moratorium on new licenses for data centers in Texas. Drop before or after earnings?