Small Cap Research
Call Spread Targets Upside in Gene Editing Play
Beam Therapeutics (BEAM) with an interesting trade on 11/4 as 5000 February $25/$35 call spreads bought to open. BEAM shares are now -7% YTD after falling more than 30% off its October highs. Short interest at 20.8% of the float remains quite high. BEAM this week is...
Left for Dead Restaurant Attracts Large Bull Activity
Sweetgreen (SG) has been a terrible performer with shares -80% YTD trading to the lowest level on record but on 11/4 there was large, unusual buying of 5000 January 2027 $5 calls at $3.30 offers. SG also has a lot of massive open interest in short puts, most of which...
Unusual Large Call Buy in Up and Coming Energy Technology Small Cap
T1 Energy (TE) late in the session on 11/4 with unusual aggressive buys of 6000 April $4 calls $1.15 to $1.25 ahead of its earnings call 11-6 and one of the speculative names that has held up firm hammering on AVWAP off August lows. Short interest at 5.6% of the float...
Call Spreads Position for Major Upside in Plastic Recycler
PureCycle Tech (PCT) is set to report earnings this week as a name that has closed lower on results eight of its last ten reports with a six-quarter average max move near 12.5%. PCT short interest is high at 19.5% of the float but has come down from 28% of the float...
Small Cap Virtual Health Leader Sets Up for Strong Report Again
Hinge (HNGE) will report on 11-4 after the close as a name that closed 25.5% higher in August on its debut earnings report. HNGE shares have pulled back from the August highs and basing right at a key value node and 50% retracement level. Short interest has stayed low...
Large Bull Trade Positions for Upside in Neuro-Muscular Biotech
Edgewise Therapeutics (EWTX) with a notable bull trade on 10/31 as 2500 December $20/$14 bull risk reversals traded to open at a net debit, a trader confident shares trade well above $20 and willing to buy stock at a $16+ cost-basis. EWTX shares are -31.5% YTD while...
Small Cap Biotech in HAE Space Sees Unusual Calls into Critical Q4 Phase 3 Readout
Pharvaris (PHVS) a name with no real history of options activity saw an unusual buy of 460 March $20 calls on 10/30 for $325K, so just wanted to take a quick look. PHVS saw an increase in call action each day last week, albeit very low volume. PHVS short interest is...
Unusual Near-Term Calls Buy in Financial Software Company Integrating Aggressive Acquisitions
Clearwater Analytics (CWAN) will report on 11-5 and a name that is -33% YTD and starting to look cheap on valuation while last week the November $20 calls bought 10,000X to open. CWAN also has a bunch of short call open interest at March $17.50, May $25 which counters...
Small Cap Precious Metal Miner in Latin America with Strong Growth and Industry Leading Margins
Aura Minerals (AUGO) shares have rallied 170% YTD with strength in the precious metals space and a small cap that screens as having explosive growth and seeing strong positive revisions. Aura Minerals is a rapidly growing mid-tier gold and copper producer focused on...
Size Call Spread Bets on Lipid Lowering Biotech
New Amsterdam Pharma (NAMS) on 10-30 with a size buy of 5000 December $25/55 call spreads for $14, an unusual choice of an ITM long strike but a massive position. On 10/26 the May $35 high Delta puts sold to open 1500X. NAMS also with a 10/19 buy of 10,000 November...