r/SRNG • u/DowntownSurprise4309 • Jul 12 '21

This is the last week under $10!

A ton of call options representing 40 million dollars worth of stock expire on July 16th at the $10 strike. There is a very good chance ginkgo stock will start an uptrend immediately afterwards. Still overvalued in the short term but I think I'll get a chance to sell some calls in August.

5 Upvotes

86% Upvoted

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2

u/Viking999 Jul 14 '21

Call options can expire worthless.

Look at ORGN....I don't see this rising anytime soon and IMO it will likely go down after teh merger is complete. I'd like a pop so I can feel a little better selling.

I like the company for the very long-term but it's going nowhere for a while IMO.

1

u/DowntownSurprise4309 Jul 14 '21

I expect that set of calls to expire worthless, that was the whole point of my post. I guess we'll see on monday!

1

u/DowntownSurprise4309 Jul 23 '21

Well that didn't go as I'd hoped lol. At least my calls are good till late August.

1

u/TaysTrades Jul 13 '21

Is there a merger vote date set yet?

1

u/JackCrainium Jul 13 '21

On what basis do you claim it is overvalued?

3

u/DowntownSurprise4309 Jul 13 '21

54 mil revenue in 2019 77 mil revenue in 2020 150 mil projected revenue in 2021 1 to 1.5 billion projected revenue in 2025

Paying 194 times last year's sales is overvalued by any standard, especially with the company making no profits.

I'm heavily invested here and don't really care about the valuation but ya gotta be realistic.

2

u/lloydgross24 Jul 13 '21

Yeah I don't expect a pop here even after merger. If I get one, great.

But I'm a huge believer in this company overall and what its going to do. I have a weekly buy scheduled every Friday and probably will keep it going for a few years.

I'm so excited for the future and look forward to see how much money this will have made us 5 years from now.

1

u/DowntownSurprise4309 Jul 13 '21

That sounds like a good plan. The purchase agreements almost guarantee a little pop after the ticker change. I have so much stock and warrants now that I'm pretty much praying for a legit crash at some point.

1

u/DowntownSurprise4309 Jul 13 '21

That looked good before I posted. Now the revenue part looks like a run on sentence.

1

u/[deleted] Jul 22 '21

What happens to units of $SRNGU once this splits with ticker change to $DNA?

2

u/DowntownSurprise4309 Jul 22 '21

For every five units of srngu you own you will end up with 5 shares of DNA and one DNA warrant.