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Post by charlespk on Aug 30, 2016 14:21:57 GMT -5
as a long term holder , the only way I see to protect ourselves is to buy call fro Jan 2018
I bought today with strike price of $ 1.
Long term holder and underwater , but have not sold any shares.
Anyone else bought calls today ?
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Post by sportsrancho on Aug 30, 2016 14:29:43 GMT -5
Not today but IMO it's the best plan. I've got the 2018 1.50. I will be buying the 1.00's!! And then the 2019's depending on how we are doing by Thanksgiving. GL
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Post by mnkdnewbie on Aug 30, 2016 14:43:44 GMT -5
Not today but IMO it's the best plan. I've got the 2018 1.50. I will be buying the 1.00's!! And then the 2019's depending on how we are doing by Thanksgiving. GL That could be a marketing commercial everyone inhaling afrezza and then camera spans out to like a 20ft long table filled with the usual thanksgiving feast... |
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Post by dreamboatcruise on Aug 30, 2016 18:40:23 GMT -5
For ships and giggles I bought 10 2018 $0.5 strikes at $0.33 each. I have way too large of a position already.
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Post by mannmade on Aug 30, 2016 19:23:25 GMT -5
I have also been buying calls for 01/18 at $1 and $1.5 strikes. I own a considerable amount of shares so for now have decided to buy the leaps and will likely continue as they remain a very opportunistic play.
My thinking is that even with dilution we are at the point that either Mnkd will be sustainable if not thriving by 2018 or will have been sold. Either way at $1 strike for .19 and $1.50 for .20 they should be in the money a year and 4 months from now. I recognize there is the chance of BK but I don't see it as realistic in my current snapshot.
Thank you Baba and Sports for my recent education on this matter...
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Post by boytroy88 on Aug 30, 2016 19:32:56 GMT -5
For ships and giggles I bought 10 2018 $0.5 strikes at $0.33 each. I have way too large of a position already. Just wanted to get an idea how this works...for you if the SP goes to $1 then you would stand to gain $170 minus commissions, right? For those buying $1 strikes they stand to lose $19 (that's the ask price I'm seeing at my brokerage) plus commissions. Am I right? Also, generally how much are commissions? Thanks! |
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ssaq
Newbie
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Post by ssaq on Aug 30, 2016 21:37:38 GMT -5
Yes basically. He pays $.33 now for right to buy it at .50 later. So cost .83 plus comm. At ib comm might be 1.5, so break even about .85
For the $1 calls, it's just a right to buy. So if trading below 1 at the moment, you let it expire worthless, and lose the premium you paid, in this case .19 you say.
Break even would be about 1.21 including comm.
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ssaq
Newbie
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Post by ssaq on Aug 30, 2016 21:47:07 GMT -5
Lately I've been selling puts. Caps some of the upside but I'm long plenty of stock.
Sold some $5 Jan 17 today for 4.35. so I'll own shares at .65, or pocket 4.35 if happen to trade over 5.
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Post by charlespk on Aug 31, 2016 11:44:13 GMT -5
Mannmade , glad I bought those calls at $ 1.0 strike yesterday , based on the rebound today .
Hope for all of us it lasts.
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Post by boytroy88 on Aug 31, 2016 11:46:54 GMT -5
Mannmade , glad I bought those calls at $ 1.0 strike yesterday , based on the rebound today . Hope for all of us it lasts. Darn...I was trying to get my account set up for it...oh well...if we keep having days like today I won't have to worry about calls...LOL |
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Post by caltrade on Aug 31, 2016 19:50:48 GMT -5
No reason to buy $1 calls for 2018. If 2018 comes around and the company is still alive, will be much higher than $1. You can multiply more buying $2 and up. Good luck friend! |
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Post by mannmade on Aug 31, 2016 20:21:00 GMT -5
No reason to buy $1 calls for 2018. If 2018 comes around and the company is still alive, will be much higher than $1. You can multiply more buying $2 and up. Good luck friend! Previous to the past month I have owned all my shares but now have a very significant position with calls in addition to shares I hold. I bought at strikes of $1.00 and $1.50. I considered $2.00 very briefly but while I agree with you, that if Mnkd does not go BK between now and then (which I have previously stated I do not think it will in my current snapshot of the company) the share price should be significantly higher than $1 to $1.5. However, there is a middle ground I decided to consider in my decision. If the company should be sold for some reason, again I doubt it, but if it should be sold, it might be for $2.00 to say 3.50 pps in it's current state, or less as is all but a guess on my part. So I went with what I did as they seemed quite a bargain recently and seemed like a good offensive move with a prevent defense to me for all but a BK. Just my 2 cents... er dollars...  |
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Post by sportsrancho on Aug 31, 2016 20:24:39 GMT -5
No reason to buy $1 calls for 2018. If 2018 comes around and the company is still alive, will be much higher than $1. You can multiply more buying $2 and up. Good luck friend! Previous to the past month I have owned all my shares but now have a very significant position with calls in addition to shares I hold. I bought at strikes of $1.00 and $1.50. I considered $2.00 very briefly but while I agree with you, that if Mnkd does not go BK between now and then (which I have previously stated I do not think it will in my current snapshot of the company) the share price should be significantly higher than $1 to $1.5 a year and four months from now. However, there is a middle ground I decided to consider in my decision. If the company should be sold for some reason, again I doubt it, but if it should be sold, it might be for $2.00 to say 3.50 pps in it's current state, or less as is all but a guess on my part. So I went with what I did as they seemed quite a bargain recently and seemed like a good offensive move with a prevent defense to me for all but a BK. Just my 2 cents... er dollars... Smart move! |
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Post by mannmade on Aug 31, 2016 20:27:51 GMT -5
I had great teachers!!! |
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Post by gamblerjag on Aug 31, 2016 21:46:15 GMT -5
agree that MNKD isn't even close to being sold..... agree 2.50 - 3.00 (1.25 - 1.5 billion) in current state but that could change quickly with scripts surpassing SNY's 650 week.. UNFortunately where MNKD doesn't have unlimited time, probably Q4 2017 with ATM being utilized (not incl. any possible partnership, SNY payback or RLS milestone) MNKD does have enough time to prove the naysayers wrong with scripts increasing.. IF MNKD gets to the 700- 1000 range.. in the next couple of months... that $2- $3 possible buyout price in the next 6 months is gone.. and MNKD where not in the drivers seat with potential buyers, they will be at least in the front passenger seat, where now they are in the trunk!
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