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home / news releases / BNGO - I'm More Positive But Selling Puts Instead Of Buying Bionano Genomics


BNGO - I'm More Positive But Selling Puts Instead Of Buying Bionano Genomics

  • My first article on Bionano Genomics was negative as the stock price did a meme-stock bounce far ahead of reality.
  • I traded the stock below $1 hitting my short-term profit goal, then watched it spike into the teens, with some saying it would go to $100 a share.
  • The share price now more accurately reflects further roll-out of the Saphyr system, revenues, risks going forward, and ongoing dilution.
  • Instead of buying, I'm selling puts to reduce eventual cost basis while collecting premium. To me, this is a good balance vice buying shares outright.

For further details see:

I'm More Positive But Selling Puts Instead Of Buying Bionano Genomics
Stock Information

Company Name: Bionano Genomics Inc.
Stock Symbol: BNGO
Market: NASDAQ
Website: bionanogenomics.com

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