Mar. 25 at 2:28 AM
$TERN thesis playing out — ~
$6B $MRK buyout chatter validating the setup.
Positioning:
• Long Jan’27
$70C
• Avg:
$7.95 → Now:
$12.25
• +54% unrealized
• Spot: ~
$55 (above breakeven trajectory)
Not calling victory — but finally on the right side of the tape. Time to start recouping prior losses while managing risk into confirmation.
👀 Rotation watch:
$VKTX $GPCR $PYPL — where’s the next asymmetric setup?
