Alright small regards, I think I got something.
Recursion Pharmaceuticals(RXRX)
Price today $3.80
I started a position for a Jan ‘27 $4 call on top of some other sooner $4 calls expiring next month and in November.
Everyone is saying they are just another biotech burning cash. They are and thats exactly why im looking at it. If this proves AI drug discovery the market will not know what to do and panic buy all the was to $20. Sheesh I think even if Tempus AI proves AI discovery this will run on sympathy.
Regard DD:
\-AI hype
\-Big pharma partnership
\-ARK/Cathie Wood buying more
\-Recent russell indexes inclusion
\-dumb bears
\-Stonks go up
Worst case im out a couple hundo not saying this is the next Palintir or nvidia but some interesting risk/reward going on here.
Anybody else riding this AI drug discovery rocket? Or am I just a degenerate regard that is looking for another angle AI could make some sweet returns.