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Post by sportsrancho on Mar 25, 2021 8:06:18 GMT -5
What’s going on is everything is going down. I’m holding cash and keeping my 2023 calls.
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Post by hellodolly on Mar 25, 2021 9:38:19 GMT -5
Not sure I know what I am talking about but I am thinking the bond issuers are the same ones who ran it up to 6 and are now shorting it back down to where they began buying. From that point they can start covering their short position, and finish with their $5 shares in 2025 if necessary. Is this how an arbitrage works? And if so can we expect to see this return to where my trend line changed in November before we get news? Inquiring mind wants to know. Which makes me a member of the MNKD cult wherein we are beaten, plundered, pillaged and raped by WS. In the mean time, MC is a voyeur watching it all from the sidelines and eating his sushi from the ivory towers yelling, "We need more" to anyone who is willing to sign up for this. Yep, this is life as a whipping post until you finally get some scraps that make you happy. Dog food is still dog food, no matter the high quality poop that comes out the other end. By the way, don't misunderstand me. This is just how it is for investors, most anywhere. "Acceptance" comes with a long list of excuses...it's very cathartic for me. I added today! |
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Post by longliner on Mar 25, 2021 10:11:59 GMT -5
How does that saying go? He who buys what isn't his'n must buy em back or join Shkreli? No, no, that doesn't rhyme at all....lot's of sellers at this price I assume.  |
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Post by longliner on Mar 25, 2021 13:53:46 GMT -5
$3.65, a penny for each day of the year. How about .02 per day?  |
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Post by longliner on Mar 25, 2021 14:28:25 GMT -5
I'll see your bet and raise you 85,000 shares. Okay mango ... it's your turn now. Hold them or fold them. But, that's mytakeonit You scared them right out of the two's brother!  |
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Post by letitride on Mar 25, 2021 16:15:45 GMT -5
Not sure about the rape plundered and pillaged or MC eating Sushi on the sideline. I am long Mannkind in a big way and trying to get a grip on how an Arbitrage works seeing how it has apparently caused the SP to get halved. And yes I bought more to. Would have bought a lot more had I realized the implications of the fore mentioned or that it even existed. Im chalking this up to a lesson in corporate finance for the next time I find myself in an equity with a bond offering. I can appreciate any in sight as to how this is done as this is way out side my area of expertise. So far Pat has offered up Black Scholes which I can appreciate. In any case.
Lets Go!
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Post by wrsmith on Mar 25, 2021 21:21:39 GMT -5
That mean you holding cash for dip, or you ok position size with your calls and only add with cash after good news? Anyway you ok!
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Post by prcgorman2 on Mar 25, 2021 21:31:44 GMT -5
Wow. Thank you for your interest?
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Post by wrsmith on Mar 25, 2021 22:03:47 GMT -5
Also to sport rancho, talked to 5 different endo's in last 2 yrs Nashville area about afrezza and clinic ideas. All respected me listened and said probable great product, but the all not accepted practice given. I've been semi-retired but working ICU to help out after getting moderna vac december, not hypocrite pay $85 hr plus bonus. Here in Nashville the 1% that get to ICU not good. Anyway can see covid slow all things down, unreal death rate if reach ICU. On retrospect any front line nurse deserves hell of lot more than bonuses or stimulus. Been back only 3 months and most staff have gotten covid and few really sick, 1 passed. Back on focus, will keep trying to approach few MD's I know as acceptance to drug becomes more frontline. I'm straight shooter 60 yr old RN, as an aside hold 5,000 shares and that includes reverse split.
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Post by Chris-C on Mar 26, 2021 13:12:41 GMT -5
Also to sport rancho, talked to 5 different endo's in last 2 yrs Nashville area about afrezza and clinic ideas. All respected me listened and said probable great product, but the all not accepted practice given. I've been semi-retired but working ICU to help out after getting moderna vac december, not hypocrite pay $85 hr plus bonus. Here in Nashville the 1% that get to ICU not good. Anyway can see covid slow all things down, unreal death rate if reach ICU. On retrospect any front line nurse deserves hell of lot more than bonuses or stimulus. Been back only 3 months and most staff have gotten covid and few really sick, 1 passed. Back on focus, will keep trying to approach few MD's I know as acceptance to drug becomes more frontline. I'm straight shooter 60 yr old RN, as an aside hold 5,000 shares and that includes reverse split. Thank you for your service during the pandemic, and thank you for being a MNKD believer/investor. |
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Post by pat on Mar 26, 2021 20:19:32 GMT -5
Not sure about the rape plundered and pillaged or MC eating Sushi on the sideline. I am long Mannkind in a big way and trying to get a grip on how an Arbitrage works seeing how it has apparently caused the SP to get halved. And yes I bought more to. Would have bought a lot more had I realized the implications of the fore mentioned or that it even existed. Im chalking this up to a lesson in corporate finance for the next time I find myself in an equity with a bond offering. I can appreciate any in sight as to how this is done as this is way out side my area of expertise. So far Pat has offered up Black Scholes which I can appreciate. In any case. Lets Go! Basically all I did was describe how equity options brokers use black sholes to hedge the options they sell (with an offsetting position in the underlying). I think it’s the most common use of the BS formula and can be extended across the finance world. There are other ways to value options - like trees - that are more appropriate for fixed income instruments. But convertibles are just a bond paired with an equity option so BS probably works best. What I don’t know is how the hedging is practically employed for convertible bonds as I have zero experience with it. Not sure why you’d buy a convertible bond if you’re going to immediately hedge the option. Buy a higher yielding bond. |
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Post by mytakeonit on Mar 26, 2021 20:33:32 GMT -5
Interest rates for bonds are way too low. I'd rather day trade stocks and make a ton of $$$ really fast.
But, that's mytakeonit
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Post by letitride on Mar 27, 2021 6:31:33 GMT -5
Not sure about the rape plundered and pillaged or MC eating Sushi on the sideline. I am long Mannkind in a big way and trying to get a grip on how an Arbitrage works seeing how it has apparently caused the SP to get halved. And yes I bought more to. Would have bought a lot more had I realized the implications of the fore mentioned or that it even existed. Im chalking this up to a lesson in corporate finance for the next time I find myself in an equity with a bond offering. I can appreciate any in sight as to how this is done as this is way out side my area of expertise. So far Pat has offered up Black Scholes which I can appreciate. In any case. Lets Go! Basically all I did was describe how equity options brokers use black sholes to hedge the options they sell (with an offsetting position in the underlying). I think it’s the most common use of the BS formula and can be extended across the finance world. There are other ways to value options - like trees - that are more appropriate for fixed income instruments. But convertibles are just a bond paired with an equity option so BS probably works best. What I don’t know is how the hedging is practically employed for convertible bonds as I have zero experience with it. Not sure why you’d buy a convertible bond if you’re going to immediately hedge the option. Buy a higher yielding bond. Just learning how to employ options strategies around my own position. I thank you for putting it out there. After talking to a couple of brokers I now realize few have a clue. Good news is Mannkind has 300 mill in the bank with plenty of room to run. Lets Go! |
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Post by pat on Mar 27, 2021 10:44:19 GMT -5
Basically all I did was describe how equity options brokers use black sholes to hedge the options they sell (with an offsetting position in the underlying). I think it’s the most common use of the BS formula and can be extended across the finance world. There are other ways to value options - like trees - that are more appropriate for fixed income instruments. But convertibles are just a bond paired with an equity option so BS probably works best. What I don’t know is how the hedging is practically employed for convertible bonds as I have zero experience with it. Not sure why you’d buy a convertible bond if you’re going to immediately hedge the option. Buy a higher yielding bond. Just learning how to employ options strategies around my own position. I thank you for putting it out there. After talking to a couple of brokers I now realize few have a clue. Good news is Mannkind has 300 mill in the bank with plenty of room to run. Lets Go! No sweat. A very high percentage of options expire worthless. Brokering them can be a lucrative gig to be involved in. Well, unless of course it’s the MNKD options that I buy...which invariably expire worthless 100% of the time. |
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Post by mytakeonit on Mar 27, 2021 14:15:23 GMT -5
And that's why I buy stock and not options. No additional costs beyond your initial buy in. Just dig a hole ... put them in ... and wait for them to grow. You just have to make sure you have the right seeds. GO MNKD !!!
But, that's mytakeonit
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