$JANX - I found the buyer of $JANXI - Using public information (Linkedin) lol - Worth the read.
There has been seem odd movement on Janux Therapeutics - I notice on Chedder Flow someone bought a $30 Strike worth $5.2Million bullish call. This original buy let off a few bells for me - Welcome to the Rabit hole.
https://preview.redd.it/3i5vtke4oy1f1.jpg?width=1734&format=pjpg&auto=webp&s=5df507666888760e587d164e5e5c1e738a88e5cf
So, I decided to check and see how many shares outstanding and current Market Cap. All shares a tied down.
https://preview.redd.it/rso9adh5oy1f1.jpg?width=902&format=pjpg&auto=webp&s=d745c4f47bb04dad402a9890afc31159e8c918d0
Current public float is 0 - The stock trades extremely tight - At this time, someone is tied down in the short position as 15% of the float is short. Whoever in this short position is truly struggling.
https://preview.redd.it/38ezppg6oy1f1.jpg?width=462&format=pjpg&auto=webp&s=e90b97c3ac61ac87a84894da4f3653586e036f89
Now word on the street, there potential buyout between $150-$200. One thing is for sure, someone knows something, buying $5,200,000 bullish call tell enough.
https://preview.redd.it/lucbmfa7oy1f1.jpg?width=848&format=pjpg&auto=webp&s=1dbbdd42039ed03f118776ec7cb05ced1266c6ee
So, I took it a little further, who is the CEO? I couldn't find much at first but... The comments broke the code and gave details on who the buyer is.
https://preview.redd.it/d6n8dt29oy1f1.jpg?width=498&format=pjpg&auto=webp&s=b8c3e3d0c3c11b3f404cb37936d4f0ec36c999e7
Seems Merck is the big buyer, and friends are waiting for him to make the big announcement
https://preview.redd.it/yf4cmseaoy1f1.jpg?width=519&format=pjpg&auto=webp&s=743032c5947eaecbdf361502df5302b4b2123057
Hedge funds and Private Equity Firms are taking every share off the market and buying all calls.
https://preview.redd.it/pvpz8lwboy1f1.jpg?width=1042&format=pjpg&auto=webp&s=152139dc293e62539a0983d97e0df29b874a181b
https://preview.redd.it/ucwjc0ljoy1f1.jpg?width=1259&format=pjpg&auto=webp&s=778aab2a93c502b3eaf861b0aa57f4afe0eff144
Only unanswered question i have? How much are they willing to pay for Janux Therapeutics?