AI SUMMARY — Investor believes NVO has hit bottom and is oversold based on low PE ratio, high selling volume, share buybacks, and attractive dividend, betting on recovery with call options. Key risks include timing the bottom incorrectly, further downside movement, and leverage from options positions.
| TICKER | NVO |
USER | u/cyphonismus |
| RATING |
BULLISH |
ENTRY |
$39.76
|
| POSITION |
251 sh
SYN
|
BOOK VAL |
$9987.31 |
| CURRENT |
$38.70 |
P&L % |
-2.66%
|
| CURR VAL |
$9721.76 |
P&L $ |
-265.55
|
Surely it's hit the bottom today... I bought more calls. probably in a bit deeper that I should be.
https://preview.redd.it/icsxtp0n2xqh1.png?width=1285&format=png&auto=webp&s=4d6afd3a380fa3ef4eaa979b3e53770e7d4a3b08
My thesis is that it's way oversold. The PE ratio is low, and the selling volume is big going into now. Also they're rebuying their own shares and pay a good dividend.
green arrow is visualization of what i think will happen.
PE ratio and dividend look attractive.