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Post by mike0475 on Aug 27, 2019 20:38:43 GMT -5
Looking for some input on some calls for 2020 - 2021 2012 Jan 4c look intriguing
Running some option calc at 100 contracts (1100) have some profits listed at 10k if the stock hits 3
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Post by anderson on Aug 28, 2019 9:51:17 GMT -5
I gave up on options for MNKD, been burned to many times. Now I just buy shares and hope at least some day those might be worth something.
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Post by sportsrancho on Aug 28, 2019 14:17:49 GMT -5
I gave up on options for MNKD, been burned to many times. Now I just buy shares and hope at least some day those might be worth something. Couple of my friends are selling puts on their shares. And will all the way up.
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Post by mytakeonit on Aug 28, 2019 15:24:18 GMT -5
One of your friends is putting all his shares into a trust for his daughter. Maybe I'll sell a couple thousand shares at that $300 price that you mentioned to take advantage of some long term losses I have sitting around. But, that's mytakeonit
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Post by mnkdfann on Aug 28, 2019 19:54:24 GMT -5
I'm not sure what 'selling puts on their shares' means. One can certainly sell covered calls on shares that are owned. But selling puts on shares held long doesn't really make sense. It doesn't work that way. If you want to sell covered puts, you sell puts against shares you hold short. If you don't believe me, listen to Charles: www.schwab.com/active-trader/insights/content/manage-risk-covered-calls-and-covered-puts(Of course, your broker may also allow you to sell uncovered puts.)
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Post by sportsrancho on Aug 28, 2019 21:18:24 GMT -5
I'm not sure what 'selling puts on their shares' means. One can certainly sell covered calls on shares that are owned. But selling puts on shares held long doesn't really make sense. It doesn't work that way. If you want to sell covered puts, you sell puts against shares you hold short. If you don't believe me, listen to Charles: www.schwab.com/active-trader/insights/content/manage-risk-covered-calls-and-covered-puts(Of course, your broker may also allow you to sell uncovered puts.) I didn’t say that right. I just meant they are selling puts with enough enough money to cover those puts if the shares get put to them lower. In essence they are selling insurance to the people that want to hedge their bets. Or hopefully making money off the shorts all the way up.
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Post by cretin11 on Aug 29, 2019 0:20:12 GMT -5
I'm not sure what 'selling puts on their shares' means. One can certainly sell covered calls on shares that are owned. But selling puts on shares held long doesn't really make sense. It doesn't work that way. If you want to sell covered puts, you sell puts against shares you hold short. If you don't believe me, listen to Charles: www.schwab.com/active-trader/insights/content/manage-risk-covered-calls-and-covered-puts(Of course, your broker may also allow you to sell uncovered puts.) I didn’t say that right. I just meant they are selling puts with enough enough money to cover those puts if the shares get put to them lower. In essence they are selling insurance to the people that want to hedge their bets. Or hopefully making money off the shorts all the way up. What that probably means is that they will be having those shares put to them. Historically speaking of course, anybody selling puts on MNKD has ended up owning those shares. Not what the strategy is intended for, and not what your friends are hoping for, but at least they pocket the premiums now which essentially lowers their share price compared to simply buying the shares today.
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Post by ktim on Aug 29, 2019 10:48:59 GMT -5
I'm not sure what 'selling puts on their shares' means. One can certainly sell covered calls on shares that are owned. But selling puts on shares held long doesn't really make sense. It doesn't work that way. If you want to sell covered puts, you sell puts against shares you hold short. If you don't believe me, listen to Charles: www.schwab.com/active-trader/insights/content/manage-risk-covered-calls-and-covered-puts(Of course, your broker may also allow you to sell uncovered puts.) I didn’t say that right. I just meant they are selling puts with enough enough money to cover those puts if the shares get put to them lower. In essence they are selling insurance to the people that want to hedge their bets. Or hopefully making money off the shorts all the way up. Ah, yes, that's the strategy that has me down six figures on MNKD stock. I remember it fondly. Sort of like herpes... fun briefly but the gift that keeps giving OMG, we need a censor sometimes.
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Post by castlerockchris on Aug 30, 2019 13:13:36 GMT -5
Looking for some input on some calls for 2020 - 2021 2012 Jan 4c look intriguing Running some option calc at 100 contracts (1100) have some profits listed at 10k if the stock hits 3 What strike price were you look at purchasing? From the above information I can see 100 contracts meaning you will control 10,000 shares. But I can't provide input with out the strike price and Bid/Ask prices. In general, my thought is the longer dated Jan 2021 options will give you enough room to achieve or exceed your $3 target price. The furthest out 2020 option I see available from Fidelity right now are the Feb 21 2020 dated options. I don't think that gives you enough of a runway for MNKD to hit your $3 target price. My bottom line with long dated calls is that I expect to achieve a minimum leverage rate of 2 to 3 times. Meaning I need to walk away controlling 2 to 3 times the number of shares I would control if I were to simply do an outright stock purchase. The riskier a stock, the more leverage I expect to achieve. So on a stock price of $1.06, if I can pick up long dated call options just out of the money for less than $.33 to .35 I would be fine. It might mean I have to put on a call spread to get to my leverage target, but obviously that caps my potential profit, something I am fine with. Good luck with your analysis.
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Post by mike0475 on Aug 30, 2019 13:24:49 GMT -5
Looking at Jan 2021 4.00 call. 100 contract
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Post by audiomr on Aug 30, 2019 16:21:41 GMT -5
Looking at Jan 2021 4.00 call. 100 contract That's a lot of contracts -- equivalent to 10,000 shares.
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Post by mike0475 on Aug 30, 2019 19:04:11 GMT -5
Yep. 1k bet. 10000 multiplier
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Post by cretin11 on Sept 1, 2019 22:41:56 GMT -5
But that would only happen if you get those at the price of $0.10. The bid/ask I’m seeing is $0.10 and $0.33, so it doesn’t seem realistic that you’ll get that price of a dime.
I’m guessing for $1000 you’ll only get about 40 or 50 contracts, not 100.
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Post by sportsrancho on Sept 2, 2019 5:58:13 GMT -5
I’d get the $1.50’s 2021
Strike Last Net Bid Size Ask Size Vol Open Int Jan 15, 2021 MNKD 0.5 0.78 0.60 2 1.12 1314 0 151 Jan 15, 2021 MNKD 1 0.45 -0.03 0.40 308 0.88 526 45 1112 Jan 15, 2021 MNKD 1.5 0.35 0.35 96 0.46 184 0 1716 Jan 15, 2021 MNKD 2 0.26 0.12 422 0.58 1328 0 2507 Jan 15, 2021 MNKD 2.5 0.26 0 0.34 1 0 742 Jan 15, 2021 MNKD 3 0.19 -0.01 0.13 7 0.30 5 1 719 Jan 15, 2021 MNKD 3.5 0.19 0.12 236 0.31 1 0 378 Jan 15, 2021 MNKD 4 0.16 0.02 0.10 10 0.33 574 4 1939
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Post by cretin11 on Sept 2, 2019 8:48:31 GMT -5
I agree that’s a sweeter spot than the 4s. Maybe not the “excitement” level he’s looking for, but more likely to end up a good trade.
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