Dec. 27 at 4:45 PM
$WVE Wave raised
$350M at
$19 (GSK anchor) using obesity data to de-risk the AATD binary. Officers sold some as well to derisk. Short interest decreased from 16 to 14.6mil. Is WVE poised to ramp? The Tell- Wve jan calls OI held through the runup and after; it increased bigly on the offering dip. Calls bought for 50c did not cash out at
$6; they added to them for 1-3 depending on the strike. The Jan "sticky" OI growth, is a bet on a Jan 12-15 JPM conf, aatd readout. If hit, the platform is validated, targeting
$30. Failure crashes the stock to ~
$12, shifting focus to Obesity IND (Feb/Mar) and Huntington’s multi-dose data (H1 '26). Watching for the JPM time slot next week.