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Post by peppy on Apr 26, 2021 15:18:40 GMT -5
MNKD Nasdaq real time volume, 2,365,100 MNKD Nasdaq summary volume, 3,261,828 Avg. Volume 6,257,250 $4.83. +0.15 (+3.21%) At close: 4:00PM EDT
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Post by castlerockchris on Apr 26, 2021 21:12:21 GMT -5
Puts for May 21,2021 (from Yahoo finance a few minutes ago) MNKD210521P00004000 2021-04-26 1:30PM EDT 4.00 0.13 0.10 0.15 -0.05 -27.78% 34 1,644 85.94% MNKD210521P00004500 2021-04-23 10:23AM EDT 4.50 0.38 0.25 0.30 0.00 - 5 8,584 81.25% What's interesting is open interest for 4.00 strike is 1,644. And open interest for 4.50 strike is 8,584. Together, it's over 10,000 lots. I think somebody is going to lose a couple hundred k. Who knows. Probably, but some of us will make some money. I will admit that I am short a nice chunk of the May calls. I bought a position at $4.15 on 4/19 and immediately sold an equal number of the 5/15 $4.50 calls. Of course I may roll them up and out too, just depends on what I can get. If the price holds and the stock is called away from me (fingers crossed) I will have made tidy little one month profit. I own enough MNKD and am not looking to add to it long term, just arbitrage here and there when it makes sense. Can't say what the others in the open interest listed above are doing.
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Post by prcgorman2 on Apr 27, 2021 6:06:55 GMT -5
I read recently that monthly options expiry drives trading on the Thursday before the expiration and the Friday is used to adjust the investment to avoid a hit from a gap on Monday. Based on that, I expect Monday trading to be tepid. Not sure it’s a good idea to base expectations on that, so it will be interesting to watch this month and next month and see if there is a reliably trend. The trend is your friend. expiry this month the third Friday of the month was the 15th. Thank you for the correction Peppy. What I read discussed trading action (buy than short) for weekly options expirations but I wouldn’t expect weekly trading to account for so much volume last Thursday, so I incorrectly assumed it was the 3rd Thursday and the trading action might be options based. I suppose it still could have been options based, but it seems less likely to me.
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Post by uvula on Apr 27, 2021 8:20:31 GMT -5
Premarket came from Webull. I don't have an account. I just use their free real time stock quotes. I would think all the stock quote sites get their data from the same sources. Seems to be Webull weirdness. An hour ago volume was 6M which was probably yesterday's volume. Now it says 7.6M. Doesn't specifically say premarket volume. Not sure what it represents. But it dissapears when the market opens.
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Post by cretin11 on Apr 27, 2021 9:02:46 GMT -5
Puts for May 21,2021 (from Yahoo finance a few minutes ago) MNKD210521P00004000 2021-04-26 1:30PM EDT 4.00 0.13 0.10 0.15 -0.05 -27.78% 34 1,644 85.94% MNKD210521P00004500 2021-04-23 10:23AM EDT 4.50 0.38 0.25 0.30 0.00 - 5 8,584 81.25% What's interesting is open interest for 4.00 strike is 1,644. And open interest for 4.50 strike is 8,584. Together, it's over 10,000 lots. I think somebody is going to lose a couple hundred k. Who knows. Probably, but some of us will make some money. I will admit that I am short a nice chunk of the May calls. I bought a position at $4.15 on 4/19 and immediately sold an equal number of the 5/15 $4.50 calls. Of course I may roll them up and out too, just depends on what I can get. If the price holds and the stock is called away from me (fingers crossed) I will have made tidy little one month profit. I own enough MNKD and am not looking to add to it long term, just arbitrage here and there when it makes sense. Can't say what the others in the open interest listed above are doing. Well played Chris, and a good example of how all “short interest” isn’t the same.
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Post by straightly on Apr 27, 2021 10:47:02 GMT -5
peppy $5 must be a resistance. What is the next resistance if $5 is breached?
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Post by peppy on Apr 27, 2021 12:00:43 GMT -5
peppy $5 must be a resistance. What is the next resistance if $5 is breached? $5.15 and $5.37 $5.30 to $5.70 the gap from, March 1st.
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Post by mnlearner on Apr 27, 2021 12:43:22 GMT -5
No volume. Back to a roller coaster? We shall see.
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Post by peppy on Apr 27, 2021 16:05:08 GMT -5
MNKD Nasdaq real time volume, 1,799,600 shares. MNKD Nasdaq summary volume, 2,889,425 shares. Avg. Volume 6,262,587
4.82. -0.01 (-0.21%) At close: 4:00PM EDT
After-Hours Volume 128,562 unchanged
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Post by Chris-C on Apr 27, 2021 16:27:48 GMT -5
No volume. Back to a roller coaster? We shall see. mnlearnerPerhaps, but it depends on how you define roller coaster. I agree there will be ups and downs on a daily basis, perhaps, but overall I think the trend will be up from here. Meanwhile, small skirmishes will continue to be fought to exploit MNKDs periods of low volume. Some entity was working hard today to keep the SP contained. At the close there was a fierce battle to paint the ticker red. I was watching other biotechs in my portfolio priced similarly and there was no action resembling what I saw with MNKD. Overall, given the low volume, I was surprised it did not close lower. I noticed on my Google finance app that MNKD was flagged as a stock showing a high degree of interest in searches. This could be a good thing, since as new investors come in, the SP should show less volatility. As they say, (and some sing) time will tell, it always does.Good fortune to all longs, good luck to all WSB redditors, and good riddance to all shorts.
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Post by mnlearner on Apr 27, 2021 19:54:09 GMT -5
Totally agree. I'm long and always have been but it can be a bit frustrating. WE are heading in the correct direction overall.(:
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Post by peppy on Apr 28, 2021 11:50:24 GMT -5
MNKD Volume at the half day of trade. real time, 612,429 summary, 1,103,258 Avg. Volume 6,255,130
$4.845. +0.025. (+0.52%) As of 12:49PM EDT. Market open.
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Post by peppy on Apr 28, 2021 15:09:05 GMT -5
MNKD Volume at the half day of trade. real time, 612,429 summary, 1,103,258 Avg. Volume 6,255,130 $4.845. +0.025. (+0.52%) As of 12:49PM EDT. Market open. MNKD Nasdaq real time volume, 1,757,753 MNKD Nasdaq summary volume, 2,496,526 4.80. -0.02 (-0.41%) At close: 4:00PM EDT
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Post by straightly on Apr 28, 2021 18:24:13 GMT -5
The only thing that is stopping me from buying more shares ... is the Feds. I just did my daughter's taxes and although she hasn't worked or received a paycheck yet ... she will be getting a refund of $900. My wife and I on the other hand, have withholdings well into the 6 figure range ... AND still we have to pay an additional $90k. What the heck !!! I'm an accountant ... but this year's taxes/instructions are the craziest yet. You have to read areas several times to make sure what you have to do. And still you're not positive. It's like they have a challenge each year on who can make the instructions the most confusing and create the most tax penalties. But, that's mytakeonit Feds? IRS is the Treasury.
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Post by straightly on Apr 28, 2021 18:28:13 GMT -5
peppy $5 must be a resistance. What is the next resistance if $5 is breached? $5.15 and $5.37 $5.30 to $5.70 the gap from, March 1st. I will be trading a few around these thresholds.
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