Post by joeypotsandpans on Aug 10, 2014 14:40:28 GMT -5
which I actually hope if they did take advantage and used it, it was near the highs post approval (say a mere 5mill sh. @ $10/sh for an additional $50 mill. to the cash position), guess we'll know in the next 24hrs. or so.
But for purposes of this discussion and btw, coincidentally the updated report on SI comes out after the close tomorrow as well, we'll just assume it (the ATM) wasn't tapped into.
% Below High (03/31/14 - 06/30/14)29.18%
% Held by Inst 20.45
Historical Volatility85.7%
Short Interest (% of float as of 07/15/14)30.43
taking the % held by institutions (which I believe is conservative) + Al's % held leaves no room for error whatsoever on the shares sold short....in other words, out of the 30% of shares that are being held by retail longs and/or institutions that were purchased from those short sales as they occurred....the only way they can be covered are/will be via sales by either retail longs, institutions, Al and other officers/employees, additional share offerings or exercised ATM's. So, with last friday's close and the last I checked IB shows only 8k shares available to borrow, the float is once again tight (thus adding to the no room for error thesis)...so the question is, do you think the rope/fishing line has been let out to this point to "hang" or "catch the short whale(s)"...is the time ripe for this conference call...you bet it is, just hope it's taken advantage of....if not more rope and fishing line gets let out for an even bigger catch.
The open options interest for this coming friday:
MNKD Aug 16 2014 6 Days to Expiration
Op Int
7.0 Call 1.34 1.42 1.41 0.00 0 10,903
7.5 Call 0.99 1.07 1.03 0.00 0 165
8.0 Call 0.75 0.79 0.79 0.00 0 19,040
8.5 Call 0.52 0.55 0.53 0.00 0 4,921
9.0 Call 0.38 0.44 0.40 0.00 0 34,202
9.5 Call 0.29 0.34 0.30 0.00 0 1,776
Op Int
7.0 Put 0.27 0.31 0.31 0.00 0 8,775
7.5 Put 0.43 0.47 0.47 0.00 0 2,302
8.0 Put 0.61 0.68 0.65 0.00 0 15,171
8.5 Put 0.90 1.06 0.97 0.00 0 613
9.0 Put 1.29 1.40 1.31 0.00 0 16,246
9.5 Put 1.63 1.92 1.59 0.00 0 336
there are a lot of "short" calls that stand to lose a lot of money should we get back up and over that 9 strike, should be an interesting week if they can't hold it under the 9 handle....and for that matter, max. pain for the most part looks like for those long and short the options is right at finishing the week @ 9.
But for purposes of this discussion and btw, coincidentally the updated report on SI comes out after the close tomorrow as well, we'll just assume it (the ATM) wasn't tapped into.
% Below High (03/31/14 - 06/30/14)29.18%
% Held by Inst 20.45
Historical Volatility85.7%
Short Interest (% of float as of 07/15/14)30.43
taking the % held by institutions (which I believe is conservative) + Al's % held leaves no room for error whatsoever on the shares sold short....in other words, out of the 30% of shares that are being held by retail longs and/or institutions that were purchased from those short sales as they occurred....the only way they can be covered are/will be via sales by either retail longs, institutions, Al and other officers/employees, additional share offerings or exercised ATM's. So, with last friday's close and the last I checked IB shows only 8k shares available to borrow, the float is once again tight (thus adding to the no room for error thesis)...so the question is, do you think the rope/fishing line has been let out to this point to "hang" or "catch the short whale(s)"...is the time ripe for this conference call...you bet it is, just hope it's taken advantage of....if not more rope and fishing line gets let out for an even bigger catch.
The open options interest for this coming friday:
MNKD Aug 16 2014 6 Days to Expiration
Op Int
7.0 Call 1.34 1.42 1.41 0.00 0 10,903
7.5 Call 0.99 1.07 1.03 0.00 0 165
8.0 Call 0.75 0.79 0.79 0.00 0 19,040
8.5 Call 0.52 0.55 0.53 0.00 0 4,921
9.0 Call 0.38 0.44 0.40 0.00 0 34,202
9.5 Call 0.29 0.34 0.30 0.00 0 1,776
Op Int
7.0 Put 0.27 0.31 0.31 0.00 0 8,775
7.5 Put 0.43 0.47 0.47 0.00 0 2,302
8.0 Put 0.61 0.68 0.65 0.00 0 15,171
8.5 Put 0.90 1.06 0.97 0.00 0 613
9.0 Put 1.29 1.40 1.31 0.00 0 16,246
9.5 Put 1.63 1.92 1.59 0.00 0 336
there are a lot of "short" calls that stand to lose a lot of money should we get back up and over that 9 strike, should be an interesting week if they can't hold it under the 9 handle....and for that matter, max. pain for the most part looks like for those long and short the options is right at finishing the week @ 9.