BioNTech Stock Boosted by COVID-19 Vaccine Pact

BNTX is up nearly 80% this year

Deputy Editor
Sep 8, 2020 at 10:51 AM
facebook twitter linkedin

The shares of BioNTech SE (NASDAQ:BNTX) are up 1.4% at $59.42 at last check, after the company was one of nine biopharmaceutical companies to announce a united commitment to uphold the integrity of the scientific process while working toward a COVID-19 vaccine.This pact comes amid a heated debate over what drug companies should be doing to stop the spread of the coronavirus. 

Today's pop has BNTX contending with its 100-day moving average -- a trendline that's served as resistance since late last month. While the security has definitely taken a tumble off its mid-July peak near the $104 mark, it is up around 79.4% this year. 

On the analyst front, three out of the seven analysts in coverage sport a "strong buy" on BioNTech stock, with the remaining four at a tepid "hold." Meanwhile, the 12-month consensus target price of $77 is a 30% premium to current levels. 

In the past 10 days, 1.22 calls have been bought for every put at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). These options are reasonably priced at the moment too, per the stock's Schaeffer's Volatility Index (SVI) of 104%, which sits in the 24th percentile of its annual range. This suggests short-term options players are pricing in relatively low volatility expectations. 



Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 



Special Offers from Schaeffer's Trading Partners