Jan 2016 call options

[phantomfj]

Hi all!

First of all, great board! I have been following Mannkind for a few years, gone thru the ups and downs, owned shares and options........and that Yahoo board was driving me nuts! Thank god I  found some sane and rational people out there on this board!!!!!!! .

I have had some Jan 2015 calls for quite some time now, but with the news out and the shares dropping I decided to sell those and roll that cash into some Jan 2016 calls. Both calls were at $5. I made a few bucks on the 2015 calls, but hope for great earnings next year to drive the price higher, hence the roll over......your thoughts?

[garrett]

That's a great idea and I have previously done the same. Receive 80% of the upside (delta currently at .80) for 43% of the stock purchase price?

[babaoriley]

Gotta do it based on what we think today!

[ezrasfund]

Aug 14, 2014 12:42:41 GMT -5 phantomfj said:

I have had some Jan 2015 calls for quite some time now, but with the news out and the shares dropping I decided to sell those and roll that cash into some Jan 2016 calls. Both calls were at $5. I made a few bucks on the 2015 calls, but hope for great earnings next year to drive the price higher, hence the roll over......your thoughts?

I have been doing the same thing, rolling Jan 15 $5 to Jan 16 $5.