I'm curious then - what types of trades (for a timeframe over 29 minutes) do you place if you are unwilling to take directional exposure? ie. what markets and what instruments in those markets? Rather than choosing to not take directional exposure - would you consider taking directional exposure with a small position size? .
Stocks which have risen by more than 30% above their secondary offering prices https://finance.yahoo.com/quotes/rlmd,kod,arav https://finance.yahoo.com/quotes/vray VRAY also held up fairly well after its secondary, but it didn't soar as much as the above 3 stocks
1. RLMD 80.86% increase in pro-forma market cap https://finance.yahoo.com/quote/RLMD?p=RLMD RLMD big move up on October 15 https://seekingalpha.com/news/35057...s-1017-data-in-treatment-resistant-depression closed at $24.95 on Monday November 18. Went up for 10 straight sessions, to close at $34.46 on Tuesday December 3. Market cap as at December 3: 10,383,417 * $34.46 = $357.812 million PR at 4.10pm that day: "Relmada Therapeutics Announces Proposed Public Offering of Common Stock " https://www.prnewswire.com/news-rel...ublic-offering-of-common-stock-300968644.html Pricing announced less than 7 hours later: "Relmada Therapeutics Announces Pricing of Public Offering of Common Stock " https://www.prnewswire.com/news-rel...ublic-offering-of-common-stock-300968842.html 3,333,334 shares @ $30. 30-day option to sell another 500,000 shares at $30. Offering expected to close on Friday December 6. Prospectus supplement https://www.sec.gov/Archives/edgar/data/1553643/000121390019025209/f424b5120219_relmadathera.htm 10,383,417 shares of our common stock outstanding as of December 2, 2019 Stock opened near the intraday low at $38.22, closed 36.91% higher at $47.18 New share count including the new shares: 10,383,417 + 3,333,334 = 13,716,751 at share price of $47.18 pro-forma market cap as at December 4 was $647.156 million market cap as at December 3 was 10,383,417 * $34.46 = $357.812 million (pro-forma) market cap increase in one day: 80.86% .
2. KOD 67.10% increase in pro-forma market cap from Monday to Wednesday https://finance.yahoo.com/quote/KOD 10-Q for September 30 quarter https://www.sec.gov/Archives/edgar/data/1468748/000156459019042887/kod-10q_20190930.htm 37,058,168 shares outstanding as at October 31. Stock closed at $29.60 on Friday November 29 Positive news before the open on Monday December 2 https://seekingalpha.com/news/35228...-ksiminus-301-to-baker-bros-advisors-for-225m Stock closed at $51.05 on Monday December 2. Market cap 37,058,168 * $51.05 = $1.891 billion At 5pm that day, company announced its plan to sell $250 million of stock (plus option to sell another $37.5 million) https://www.prnewswire.com/news-rel...posed-offering-of-common-stock-300967717.html Stock closed at $49.20 on December 3. Later that evening at 9.07pm the company announced pricing: https://www.prnewswire.com/news-rel...ublic-offering-of-common-stock-300968783.html 6 million shares @ $46.00 option to sell another 900,000 shares Offer expected to close on Friday December 6. On Wednesday December 4, stock closed up 49.21% at $73.41 Pro-forma share count is 37,058,168 + 6 million = 43,058,168 Pro-forma market cap using new share count: 43,058,168 * $73.41 = $3.160 billion (pro-forma) market cap increase from Monday December 2: 67.10% .
Found another one: ONTX. Admittedly it is much smaller than the other three stocks above. https://finance.yahoo.com/quotes/rlmd,kod,arav,ontx
https://twitter dot com/AnthonyTsai888/status/1205190069927022592 mentions $IBB $XBI $ASMB $FTSV $KOD $AXSM $ARWR $AUPH
CFRX is another one https://finance.yahoo.com/quotes/cfrx announcements on December 9 and December 10. Deal expected closing date was December 12. Two-day rally on Friday December 13 and Monday December 16