Calling The Big Drop In MRNA

In our Wave Setup on Sep 24, we initiated a short call on MRNA when it was at 441.15 and just starting to turn down from the top of the yellow (ii).

We wrote: "MRNA retains a good R:R setup for a drop-down toward 325-309 as long as it holds under 459.16."

Here's what the chart looked like at the time:

(Click on image to enlarge)

Fast forward to today, with the stock dropping to 352.19 at the time of the chart below.

This has prompted numerous kudos from our Stock Waves members at EWT and on SA, including this from "Ray88":  "Thank you Z & Team. My 300 puts I have just sold for over 300%. My 350 puts over 1000% at peak today. unreal."

(Click on image to enlarge)