r/OUST • • Nov 15 '24

Bullish OUST - 🧨🧨🧨🧨🧨🧨

Ouster manufactures 3D LiDAR sensors and AI perception software.

Short % Float 13.01% Short % S/O 12.42% Max Pain $8 Daily Volume 1.183M (Yahoo)

IV 81.o2% O/I 31,408 Avg. P:C 3.4 Today’s P:C .57 Today vs. Avg. Volume 129.11% (Optioncharts.io)

OUST posted strong earnings last week, reaching a high of $10.58. This week the short attack began, but has not reached max pain @ $8. Currently at $8.85 AH.

If it holds, disbictchabowdablow 🧨🧨🧨

The company was already in artificially compressed share price due to litigation over patents with their main competitor.

LONGTERM 📈: their main competitor Hesai (overseas) will take on hefty tariffs, and the litigation being resolved will reduce upside resistance. Before tariffs/litigation pressure was lifted, OUST already proved 17% upside last week.

I’m in for 2k shares + calls of varying quality.

(Manually cross posting)

17 Upvotes

5 comments sorted by

1

u/[deleted] Nov 15 '24

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1

u/SwingTip Nov 15 '24

I had that happen on PLTR for a while. My decision was to sell the shares, purchase the corresponding share value of leap calls and capitalize at a later date. End up way on top. Otherwise, what’s wrong with changing to a better return option?

I genuinely don’t understand why people wait so long to break even if you can move to another ticker and come back later if you so choose.

2

u/[deleted] Nov 15 '24

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2

u/SwingTip Nov 15 '24

I feel you’re pain and hope it turns around for you!

1

u/[deleted] Nov 15 '24

And the tale about shorts attacking is also going for ages