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Joe Kunkle

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Unusual Biotech Call Buy into IPF Data

Pliant (PLRX) unusual 575 July $30 calls bought $3.20 offer, big move last week and near multi-week highs. PLRX a $1.1B Biotech for novel therapies for the treatment of fibrosis and related diseases and trades 3.2X cash, short float is 9%. Stifel started at Buy a...

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Real Estate Tech Company Holds Key Support

CoStar (CSGP) a name that recently tested some trend support and filled a key gap and looks to be basing the last two weeks. Although shares are triggering a bearish 21/55 crossover, a move back above $79 could regain momentum and take aim back at the highs.

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Unusual Call Buy in Beat Up Optical Stock

Lumentum (LITE) interesting buyer 500 June $60 calls at $6.80 offer here, beaten up name at its long-term VPOC. LITE with its $3.85B market cap now trading 9.1X Earnings, 2.4X Cash and 12X FCF. LITE has seen lower demand and supply constraints but an improving mix...

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