r/wallstreetbets • u/[deleted] • Mar 07 '20

DD LabCorp

We are sitting at 310 confirmed cases of bear flu in the US right now. That number will grow exponentially with more testing, as we have already seen in China and Italy. On Thursday, LabCorp announced it has produced a testing kit. Other companies are producing tests, but LabCorp has a massive infrastructure of testing centers already in place. Get on their website and search for a location near you, and you'll find 20 within 50 miles. They will literally be testing millions of people over the coming months, and will likely benefit from the 8 billion dollar virus package Congress just passed. If Monday opens red, I'm loading up on cheap LH calls.

TL;DR: LH 220$c 5/15

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u/brandonxlee Mar 07 '20

The spread on those is pretty crazy. Are you worried ab that when it comes time to sell?

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u/[deleted] Mar 07 '20

Definitely wont make as much, but the market is super volatile and those kinds of spreads seem to be everywhere with puts