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Post by cretin11 on Aug 16, 2021 9:30:28 GMT -5
Longtime observers of MNKD know that on big options expiry days, our share price tends to magnetize to a strike price. This thread posited that price would be $4.50 for the Aug 20 expiry. I thought so too. Now wondering if it will be $4.00 instead. We could still get it to $4.50 but need a nice move in the next day or two.
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Post by cretin11 on Aug 16, 2021 9:32:52 GMT -5
Here we go again. Puts Aug 20 expiration strike price 4.50 open interest 8,841 contracts (representing 884,100 shares) This open interest is large. At the last price of 0.55 (can't take that too seriously but it is what it is), there are about a half million dollars on the table. This the fourth month that I have noticed large open interest at 4.50. There is still a battleground at 4.50. This is interesting to watch. PR on Aug 20 would be perfect timing to kibosh the $4.50 crew...MC. It sure would have been. |
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Post by cretin11 on Aug 17, 2021 9:47:11 GMT -5
Longtime observers of MNKD know that on big options expiry days, our share price tends to magnetize to a strike price. This thread posited that price would be $4.50 for the Aug 20 expiry. I thought so too. Now wondering if it will be $4.00 instead. We could still get it to $4.50 but need a nice move in the next day or two. As if on cue, we seem to be trying for the $4.50 magnet. I sold a bunch of puts at $4 and $4.50 a while ago, would love to see those expire. |
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Post by lakon on Aug 17, 2021 10:12:54 GMT -5
Yes, I would love to see those expire worthless to someone else. Ha ha ha.  |
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Post by sr71 on Aug 19, 2021 12:08:41 GMT -5
6K of those Aug 20 4.5 Puts traded so far today at $0.40. They were rolled to September.
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Post by markado on Aug 19, 2021 16:22:50 GMT -5
6K of those Aug 20 4.5 Puts traded so far today at $0.40. They were rolled to September. So, based on history, absent something price driving, nothing greater than $4.00-$4.50 by the third Friday in Sept? Is that your take? Unless they expire worthless, of course. |
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Post by sr71 on Aug 20, 2021 12:16:02 GMT -5
Open Interest on Aug 20 4.5 Puts now at 8.5K.
Open Interest on Sept 17 4.5 Puts has doubled since yesterday now at 12.0K.
Together this represent over 2 million shares.
As for the direction of future share price, I'm still bullish intermediate to long term.
But as evidenced by my owning shares since before 2nd CRL, I'm not good with timing.
Still, we should all be happy with the 5% upside move so far today!
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Post by anderson on Aug 23, 2021 8:39:00 GMT -5
Open Interest on Aug 20 4.5 Puts now at 8.5K. Open Interest on Sept 17 4.5 Puts has doubled since yesterday now at 12.0K. Together this represent over 2 million shares. As for the direction of future share price, I'm still bullish intermediate to long term. But as evidenced by my owning shares since before 2nd CRL, I'm not good with timing. Still, we should all be happy with the 5% upside move so far today! As of now Open Interest on Sept 17 4.5 Puts 6,029.
Hoping this is a good sign.
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Post by sportsrancho on Aug 23, 2021 9:36:17 GMT -5
Very
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Post by dh4mizzou on Aug 23, 2021 9:54:51 GMT -5
Wouldn't it better if the open interest was for some 4.50 CALLS?
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Post by cedafuntennis on Aug 23, 2021 12:11:49 GMT -5
I'm thinking their reasoning for the Puts is that the MM will want them to expire worthless so the 4.5 will act like a magnet. Being under 4.5 now, it would pull it up. But you are correct that if it wants to go too much over 4.5, that may act like an anchor. But I am theorizing.
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Post by cjc04 on Aug 25, 2021 9:27:19 GMT -5
Has anyone noticed / discussed the 2.50 and 3.00 open interest for November PUTS?
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Post by cretin11 on Aug 25, 2021 9:46:54 GMT -5
Has anyone noticed / discussed the 2.50 and 3.00 open interest for November PUTS? I had not, but you got my attention. Interesting. |
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Post by dh4mizzou on Aug 25, 2021 10:03:25 GMT -5
Has anyone noticed / discussed the 2.50 and 3.00 open interest for November PUTS?  |
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Post by wyattdog on Aug 25, 2021 10:48:58 GMT -5
has anyone noticed / discussed the 10 open interest for January calls?
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