ShortSeller76

TXG for an oversold bounce

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NASDAQ:TXG   10x Genomics, Inc.
Long TXG 2,000 shares and 51 $110 Feb 18th calls. There has been some interesting call option activity on TXG as of last week 1/25/2022 someone purchased 600 Feb 18, 2022 $110 calls and 600 Feb 18, 2022 $120 calls and paid approximately $400k for these call options for a stock with little option activity I find this intriguing. I believe the EW correction is complete and this should bounce to the $130+ range swiftly. It's a very volatile stock. 89% institutional support and recent government contracts over $2m in Q4 www.quiverquant.com/dashboard/TXG/
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