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Post by goyocafe on Sept 10, 2018 18:12:45 GMT -5
I dunno. Popeye ate his spinach, and look what that did for him.  spinach.... Popeye took care of himself. No fat in spinach to clog up his vascular. you know I like you goyocafe. Then there was Dr. Jekyll and Mr. Hide!!!  p.s. the misspelling was intentional.  |
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Post by joeypotsandpans on Sept 10, 2018 18:14:52 GMT -5
Remember the term "the Bernanke Put" well that was to put a floor on the market and give investors the confidence to re-enter the markets and clearly gave a buy signal to the fund managers etc. The UTHR Put as I will refer to it is essentially the same idea regarding the buy side of this equity. IMO a "floor" has been established and solidified with Tuesday's announcement regarding the cash injection and potential cash inflows from the remaining milestones and royalties. Although I already have a fairly large core position, I purchased 20K (with trading partner so really 10K each) trading shares this morning at 1.71 which will be used to buy on any dips. I believe with the UTHR announcement that any dips will now be bought and the existing short shares will compete with new buyers looking to establish long positions. IMO this should be a buy the dip and sell the rip equity for a buy side bias going forward for trading shares only. If you are not trading any shares and have a core long position then you know what the longer term positives are for the company at this point. One caveat to the UTHR situation is that I believe there is the potential for LQDA to add a possible objection into the FTC mix, after all they are left standing alone at the alter now with what looks to be an inferior product, at worst I would expect that UTHR might have to divest some of their stranglehold on the PAH market if it is deemed there is an anti-trust issue. I am expecting/suspect that FUD to come into play while the 30 day period is in effect. In the end however, UTHR married with the right partner and it should be a win-win for both parties going forward. Could it have been a better deal had the company been in a different position, absolutely, but the more important aspect is the overwhelming vote of confidence UTHR displayed in Technosphere with the additional research request. Enjoy your weekends  From hanging on by a thread to an anti-trust target? Hmmm, I don't see that, Joey! But good of you to bring it up, cuz who knows who the shorts may have in their deep pockets at the FTC! Lol, UTHR (would have the anti-trust issue if any) and certainly hasn't been hanging by a thread, and actually I said that it could be something the doubters bring up for FUD purposes....regarding your last sentence, after the FDA fiasco and circus show 4-5yrs ago your point is well taken 😉 |
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Post by goyocafe on Sept 10, 2018 18:19:21 GMT -5
From hanging on by a thread to an anti-trust target? Hmmm, I don't see that, Joey! But good of you to bring it up, cuz who knows who the shorts may have in their deep pockets at the FTC! Lol, UTHR (would have the anti-trust issue if any) and certainly hasn't been hanging by a thread, and actually I said that it could be something the doubters bring up for FUD purposes....regarding your last sentence, after the FDA fiasco and circus show 4-5yrs ago your point is well taken 😉 If there's any validity to the concept, then we could expect a little bump in the share price once this clears. If we're thinking it, so may be others. |
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Post by joeypotsandpans on Sept 10, 2018 18:25:17 GMT -5
Lol, UTHR (would have the anti-trust issue if any) and certainly hasn't been hanging by a thread, and actually I said that it could be something the doubters bring up for FUD purposes....regarding your last sentence, after the FDA fiasco and circus show 4-5yrs ago your point is well taken 😉 If there's any validity to the concept, then we could expect a little bump in the share price once this clears. If we're thinking it, so may be others. True that, and one domino begets another as in getting the warrants out of the way, etc. Excuse me I have to put on the sunglasses as the clouds are really parting way |
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Post by peppy on Sept 10, 2018 19:01:36 GMT -5
If there's any validity to the concept, then we could expect a little bump in the share price once this clears. If we're thinking it, so may be others. True that, and one domino begets another as in getting the warrants out of the way, etc. Excuse me I have to put on the sunglasses as the clouds are really parting way Here is why it will go through. A combination of lifestyle changes, medicines, and surgeries may alter the progression of the disease. Treatment can add years to your life, but it can’t reverse the symptoms from chronic damage caused by PAH. Even with proper treatment, PAH will grow worse gradually, over time. Within a few years of developing the condition, everyday tasks, such as walking and showering, will likely be more difficult and eventually impossible. According to a study conducted by the Registry to Evaluate Early and Long-Term PAH Disease Management (REVEAL), the patients with PAH who were involved in this study had survival rates of: 85 percent at one year 68 percent at three years 57 percent at five years Survival rates for PAH may vary widely, depending on the type of PAH you have. REMODULIN (TREPROSTINIL) INJECTION IMPORTANT SAFETY INFORMATION Continuous intravenous (IV) infusions of Remodulin are delivered using a tube placed in a central vein within the chest. This type of delivery is associated with the risk of blood stream infections and sepsis, which may be fatal. Therefore, continuous subcutaneous (SC) infusion delivered just beneath the skin is the preferred type of delivery Side Effects: In clinical studies of SC infusion of Remodulin, most people experienced infusion site pain and infusion site reaction (redness and swelling). These symptoms were often severe and sometimes required treatment with narcotics or discontinuation of Remodulin. The IV infusion of Remodulin has been associated with the risk of blood stream infections, arm swelling, tingling sensations, bruising, and pain. Other common side effects seen with either SC or IV Remodulin were headache, diarrhea, jaw pain, nausea, vasodilatation (widening of the blood vessels), and edema (swelling) Class I In this class, PAH doesn’t limit your usual activities. If you do ordinary physical activities, you don’t develop any symptoms of PAH. Class II In the second class, PAH only mildly affects your physical activities. You experience no symptoms of PAH at rest. But your usual physical activity may quickly cause symptoms, including breathing problems and chest pain. Class III The final two functional status classes indicate that PAH is growing progressively worse. At this point, you have no discomfort when at rest. But it doesn’t take a lot of physical activity to cause symptoms and physical distress. Class IV If you have class IV PAH, you can’t perform physical activities without experiencing severe symptoms. Breathing is labored, even at rest. You may grow tired easily, and even small amounts of physical activity can make your symptoms worse. When this happens, your body can’t get the oxygen it needs. As a result, you grow tired more easily. Other symptoms include: shortness of breath chest pain or pressure heart palpitations dizziness fainting swelling in your arms and legs racing pulse www.unitedpahsupport.com/pah-treatment-options/treprostinil/?gclid=EAIaIQobChMIv4qPx9Gx3QIVEHh-Ch3dUQfJEAAYASAAEgKlpvD_BwE |
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Post by spudspud on Sept 11, 2018 7:50:40 GMT -5
Sounds like the second drug is basically inhaled Cialis ..... lol! how much “off label” use we going to see on that bad boy, by some bad boys? spud spud, allow me to respond, regarding Cialis and UTHR, allow me to tell you, that you are the last to know. Covered in another thread. You caught my attention with your genius put statement. Ha ha, you can call them bad boys, the men that need Cialis have a vascular and perhaps prostate problem or they are OLD and have both problems. So no bad boy carp-oli here. mnkd.proboards.com/thread/10423/united-therapeutics-mannkind-announce-collaboration?page=1haha, was just joking around... but sorry I brought up “old info”, I should probably lurk more ;-) |
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Post by joeypotsandpans on Sept 12, 2018 14:15:32 GMT -5
Just updating, we sold 200 sep 14 2 calls @ .21 about 10 min ago bringing cost basis down to 1.50, or locking in .50 on those trading shares if called away, remember these are outside our core long position So my other half on this trade asked me this morning if we should buy back the calls @.03 with about 17 trading hours left on the strike, I felt greedy saying no let them expire....what do you think the chances are of getting those 20K shares called away by close of trade on friday....essentially would mean closing above $2.05, looks like we're "hedged" roughly at 10% of the open interest....in other words, so expect this s/p be over $2 by friday afternoon lol . |
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Post by lsl428 on Sept 12, 2018 14:54:17 GMT -5
Just updating, we sold 200 sep 14 2 calls @ .21 about 10 min ago bringing cost basis down to 1.50, or locking in .50 on those trading shares if called away, remember these are outside our core long position So my other half on this trade asked me this morning if we should buy back the calls @.03 with about 17 trading hours left on the strike, I felt greedy saying no let them expire....what do you think the chances are of getting those 20K shares called away by close of trade on friday....essentially would mean closing above $2.05, looks like we're "hedged" roughly at 10% of the open interest....in other words, so expect this s/p be over $2 by friday afternoon lol . Whenever i have the chance to cover short options at less than a nickel with a couple days to go i always cover at least half..... especially if strike price is within range....then ill have a resting order to resell the strike i covered next week or 2 out at a higher level or if the improbable happens and news takes stock significantly higher i get to participate fully having my cake and eating it too. just my 2 cents as i have been in this situation many times through the years |
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Post by boca1girl on Sept 12, 2018 15:47:18 GMT -5
Just updating, we sold 200 sep 14 2 calls @ .21 about 10 min ago bringing cost basis down to 1.50, or locking in .50 on those trading shares if called away, remember these are outside our core long position So my other half on this trade asked me this morning if we should buy back the calls @.03 with about 17 trading hours left on the strike, I felt greedy saying no let them expire....what do you think the chances are of getting those 20K shares called away by close of trade on friday....essentially would mean closing above $2.05, looks like we're "hedged" roughly at 10% of the open interest....in other words, so expect this s/p be over $2 by friday afternoon lol . Are the shares held in a taxable account or a tax deferred account? If the shares get called, would you have a tax coniquense and would you care? If they got called, do you think you could purchase 20k shares for less than $2.21 (plus commission)? I had covered calls on Apple shares that I played too close to expiration and they got called. I regretted not closing out the calls two days earlier. If there is some additional news this week, you know we could pop over $2. |
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Post by joeypotsandpans on Sept 12, 2018 17:13:35 GMT -5
So my other half on this trade asked me this morning if we should buy back the calls @.03 with about 17 trading hours left on the strike, I felt greedy saying no let them expire....what do you think the chances are of getting those 20K shares called away by close of trade on friday....essentially would mean closing above $2.05, looks like we're "hedged" roughly at 10% of the open interest....in other words, so expect this s/p be over $2 by friday afternoon lol . Are the shares held in a taxable account or a tax deferred account? If the shares get called, would you have a tax coniquense and would you care? If they got called, do you think you could purchase 20k shares for less than $2.21 (plus commission)? I had covered calls on Apple shares that I played too close to expiration and they got called. I regretted not closing out the calls two days earlier. If there is some additional news this week, you know we could pop over $2. It's in a friends trading account, he's essentially tailing me, I originally said 10K shares and he put the order in for 20K, he will send me a 1099 in January for overall total (it's always nice to have to pay taxes) as stated previously this is strictly a trading block that will trade from the buy side going forward, this time we decided to sell those calls on the run up Monday, we will consider all options going forward....if they get called away we can always re-enter a new position on any pull backs IMO it is time to trade from the long side....the long core position I hold is totally separate. |
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Post by boca1girl on Sept 12, 2018 18:35:58 GMT -5
Are the shares held in a taxable account or a tax deferred account? If the shares get called, would you have a tax coniquense and would you care? If they got called, do you think you could purchase 20k shares for less than $2.21 (plus commission)? I had covered calls on Apple shares that I played too close to expiration and they got called. I regretted not closing out the calls two days earlier. If there is some additional news this week, you know we could pop over $2. It's in a friends trading account, he's essentially tailing me, I originally said 10K shares and he put the order in for 20K, he will send me a 1099 in January for overall total (it's always nice to have to pay taxes) as stated previously this is strictly a trading block that will trade from the buy side going forward, this time we decided to sell those calls on the run up Monday, we will consider all options going forward....if they get called away we can always re-enter a new position on any pull backs IMO it is time to trade from the long side....the long core position I hold is totally separate. With that info I would ride them to expiration. |
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Post by robbmo on Sept 12, 2018 19:11:03 GMT -5
I'm not sure who you trade with, but TOS/Ameritrade lets you close out options under $0.05 without charging any commissions. I would close it out, but full disclosure, I've been burned a few times.
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Post by beardawg on Sept 13, 2018 11:11:38 GMT -5
I'm not sure who you trade with, but TOS/Ameritrade lets you close out options under $0.05 without charging any commissions. I would close it out, but full disclosure, I've been burned a few times. How were you burned by it? By it going to 0? Or are you saying it was that low and went back up and you didn't buy back before it went back up? |
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Post by robbmo on Sept 14, 2018 0:24:38 GMT -5
I'm not sure who you trade with, but TOS/Ameritrade lets you close out options under $0.05 without charging any commissions. I would close it out, but full disclosure, I've been burned a few times. How were you burned by it? By it going to 0? Or are you saying it was that low and went back up and you didn't buy back before it went back up? Options do not technically expire until noon on Saturday, and there is a window after market close on the Friday of expiration day, that the price of the underlying stock can change in the after hours trading. Sometimes that price change can be significant, if news is announced. I, unfortunately, have been on the wrong side of a few of those after hours announcements. This is something I can quite easily envision with mannkind. A different type of example, but very recent, is back in June I wrote some CGC calls with an August expiration just before the stock pulled back. The options traded down to $0.05 in late July/early august, and I had an opportunity to cover with zero commissions, and net $1.05 a contract. However, I didn't think anything would happen to the stock until October, so I chose to let them expire even though I had a couple of weeks. In the interim, the stock made a significant move up, and even though I still maxed my profit, if I had closed them out when I had the chance, I could have re-written them with the same expiration and almost doubled my profit. Opportunity lost. |
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Post by beardawg on Sept 14, 2018 8:33:42 GMT -5
How were you burned by it? By it going to 0? Or are you saying it was that low and went back up and you didn't buy back before it went back up? Options do not technically expire until noon on Saturday, and there is a window after market close on the Friday of expiration day, that the price of the underlying stock can change in the after hours trading. Sometimes that price change can be significant, if news is announced. I, unfortunately, have been on the wrong side of a few of those after hours announcements. This is something I can quite easily envision with mannkind. A different type of example, but very recent, is back in June I wrote some CGC calls with an August expiration just before the stock pulled back. The options traded down to $0.05 in late July/early august, and I had an opportunity to cover with zero commissions, and net $1.05 a contract. However, I didn't think anything would happen to the stock until October, so I chose to let them expire even though I had a couple of weeks. In the interim, the stock made a significant move up, and even though I still maxed my profit, if I had closed them out when I had the chance, I could have re-written them with the same expiration and almost doubled my profit. Opportunity lost. Ahh, gotcha. At first I thought you were saying you bought back with no commissions and were burned. Was trying my best to figure that one out, lol. |
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