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Post by liane on Sept 7, 2016 14:25:22 GMT -5
Holy Moly - look at the volume today! Over 38,000 call contracts. I don't see any corresponding put or vertical call. Don't know until tomorrow if the open interest is going up or down.
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Post by nadathing on Sept 7, 2016 14:40:03 GMT -5
Liane, can you help those of us out who are unfamiliar with options? Why is this significant? Thanks.
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Post by liane on Sept 7, 2016 14:48:56 GMT -5
Just that it represents a huge volume; the open interest currently is ~ 90,000 contracts. There is no offsetting position such as puts or a higher strike call. So, someone either opened 38,000 contracts or disposed of 38,000 contracts. The open interest is not updated until tomorrow.
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akil
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Post by akil on Sept 7, 2016 14:56:41 GMT -5
Look more carefully. There is an offsetting 38K calls elsewhere.
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Post by trondisc on Sept 7, 2016 15:01:44 GMT -5
I lost all hope a long time ago; this information doesn't move the needle. More importantly T1/T2 diabetics are in serious jeopardy of not discovering/having Afrezza in the next 6 months because of our nervous & soft-sounding/unconvincing CEO failing to find help (AKA another partner or outside of USA expansion). I wish Castagna were a miracle worker but the results aren't showing. How Technosphere is not even valued at a $1.00 PPS baseline is BEYOND me. Thus after drawing these conclusions the fact that the price cannot hold $1.00 is very alarming for the future. OF course this post will be edited or removed (possibly) because I was temp banned months ago for speaking the truth about the dire situation for US true LONGS. I don't care if any of you pile on, I know my investment is officially screwed. To ignore the anemic PPS movement is to deny the real truth that this company squandered one of the greatest opportunities to change modern medicine with wireless device monitoring...that first step could have been Afrezza. Imagine Dexcom & Afrezza technology in the same device. Oh wait...our management didn't.
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Deleted
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Post by Deleted on Sept 7, 2016 15:02:59 GMT -5
That's one giant call spread in MannKindThat's one giant call spread in MannKind. Shares of the biotech are trading 71c today and a massive spread prints on the PHLX as a trader collects 18.5c to sell 38K Jan18 1 calls and buy Nov 3 calls tied to 1.98M shares at 71c. Open interest is sufficient that both legs may close. :theflyonthewall.com
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Deleted
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Post by Deleted on Sept 7, 2016 15:11:14 GMT -5
I tried buying Nov calls with a $1 strike but there was no volume when I looked. I was hoping for a squeeze
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Post by liane on Sept 7, 2016 16:03:54 GMT -5
Look more carefully. There is an offsetting 38K calls elsewhere. Yes, you are correct. I didn't have all the dates open. There was also 38,000 contracts for Nov '16 $3. Kind of a strange play. |
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akil
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Post by akil on Sept 7, 2016 16:25:16 GMT -5
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Post by harryx1 on Sept 8, 2016 8:09:47 GMT -5
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Post by babaoriley on Sept 8, 2016 8:52:58 GMT -5
Look more carefully. There is an offsetting 38K calls elsewhere. Yes, you are correct. I didn't have all the dates open. There was also 38,000 contracts for Nov '16 $3. Kind of a strange play. I'm with you, liane, I don't understand those trades at all. To cover your sale of Jan 18 $1 by buying an equal number of Nov 16 $3's? What kind of thinking is that? And looking at it the other way, as a bullish play, selling Nov 16 $3's raises next to nothing to offset your purchase of Jan 18 $1's. What are we missing? I love coincidences, but highly doubt that's what occurred. |
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Post by kbrion77 on Sept 8, 2016 8:58:19 GMT -5
To be on the same list as Apple, Facebook, Bank of America, etc. is just borderline comical I love it. |
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Post by babaoriley on Sept 8, 2016 9:05:34 GMT -5
To be on the same list as Apple, Facebook, Bank of America, etc. is just borderline comical I love it. True enough! And don't forget how high up on the list of shorted companies we've been. This stock has been a lightning rod for stock market gamblers and manipulators for years. Way out of proportion with our size. By the way, it also boasts an outsize share of message board posts! |
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Post by liane on Sept 8, 2016 9:06:25 GMT -5
Well, the OI of the Jan 18 1C's did increase by ~ 38,000. Don't know about the Nov 16 3's as I don't usually pay attention to that strike.
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Post by therealisaching on Sept 8, 2016 9:27:05 GMT -5
The Nov 16 3's stayed roughly the same. I took a peek last night at the OI.
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