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This is NOT A SHORT SQUEEZE. Sorry guys.
Okay now that that is out of the way here is a good old fashioned boomer value play. A company that has a huge catalyst upcoming that can fundamentally change its valuation.
TL;DR is that AGEN is a biotech company. It has an FDA approval coming up by December 16th. If happy news then much money.
Agenus is company trying to cure cancer. They have an incredibly deep pipeline that they have been developing for nearly 30 years. They got two cool things to watch specifically tho.
One is AGEN1181 that is in phase 2 clinical trials and could be a new blockbuster drug (blockbuster in this context is a good thing, not a failed movie rental company). Any good news here could lead to an increased valuation and they are expected to release more data before the end of the year.
The second is that they have a PDUFA date for December 16th for their AGEN2034 drug which is a PD-1 compound. This is the real catalyst I'm targeting because an approval on this drug will at minimum justify their current 1.5 Billion market cap. Approval plus the deep pipeline and a potential new blockbuster drug? Personally see it as undervalued currently with significant upside hence when I bought.
Obviously this isn't real DD more like a PSA cause ADD and I got bored typing sooooo here's my current position:
Got the shares for the long term value because their AGEN1181 could take this company to incredible highs and got the calls for the short term catalyst. Puts there to hedge the shares losing value in the near term cause they do have a gap round $3 (don't think it will cover but I'm paranoid).
This is not financial advice more like hey look at this! Am definitely the type of man to lick a toilet seat to check if it's clean so please do your own research before investing anything. There's a ton of info out there bout this company and basically all the price targets are bullish.
Also my friend told me bout this company and I said pssssh a biotech? Get outta here ya idiot. Then I looked at it and bought a shit ton cause like, damn it is a solid investment. So shout out to that tard. Also also if someone can add a buncha rocket emojis I think that will really help the investment as well.
Edit: since some guy couldn’t see the pic I posted of my positions: 125,000 shares. 500 01/21/22 $8 C and 400 11/19/2021 $5 P as a hedge