|
|
Post by awesomo on Jan 12, 2018 17:13:36 GMT -5
the rate to a lender is about 24% at Fidelity but the borrower is currently paying about 49% or more, not cheap in my book No, but way cheaper than the 150+% at the peak around the share offering. |
|
|
|
Post by babaoriley on Jan 12, 2018 17:29:33 GMT -5
Short Term: bearish Trend
Intermediate Term: downward Trend
Long Term: strong Trend
LOL, the above is great, they'll likely be right for a while, and by the time they're wrong no one will remember!!
|
|
|
|
Post by babaoriley on Jan 12, 2018 17:32:37 GMT -5
Barring a Hail Mary announcement during the 4-day trading week, there are around 26 million Jan 19, 2018 buy options (260k contracts) that will expire next Friday. These were originally LEAPS, most of which were bought years ago and include both pre- and post-split. If share price continues to be held down, all but the $0.50, $1.00, $1.50 and $2.00 strikes (post-split) will expire worthless and most of the $2 strikes will not be exercised because exercising them wouldn't recoup the premiums originally paid by investors for these contracts. It's unfortunate for many shareholders who invested in the company for years believing the share price would be much higher by Jan-2018.
Some will argue that the large volume of open interest for these Jan 19, 2018 options has been a major incentive for the Money Movers to suppress MNKD stock price and others will suggest that, once they've expired, share prices will begin an upward movement again.
We'll see.
Obviously, the risks associated with options can turn out to be painful. Unlike stocks themselves, you cannot hold them indefinitely and so MannKind's past failures can no longer be rectified. I have a few of these contracts myself and I agree with Nate Pile's advice. Never invest more than you are willing to lose. Let me offer my revisions to the above statement: "Some foolish people will argue that the large volume of open interest for these Jan 19, 2018 options has been a major incentive for the Money Movers to suppress MNKD stock price and other, equally stupid people, will suggest that, once they've expired, share prices will begin an upward movement again." |
|
|
|
Post by babaoriley on Jan 12, 2018 17:34:18 GMT -5
"all but the $0.50, $1.00, $1.50 and $2.00 strikes (post-split) will expire worthless and most of the $2 strikes will not be exercised because exercising them wouldn't recoup the premiums originally paid by investors for these contracts." Huh? Edit: Oh, I see others have called that into question. |
|
|
|
Post by rockstarrick on Jan 12, 2018 17:43:27 GMT -5
Barring a Hail Mary announcement during the 4-day trading week, there are around 26 million Jan 19, 2018 buy options (260k contracts) that will expire next Friday. These were originally LEAPS, most of which were bought years ago and include both pre- and post-split. If share price continues to be held down, all but the $0.50, $1.00, $1.50 and $2.00 strikes (post-split) will expire worthless and most of the $2 strikes will not be exercised because exercising them wouldn't recoup the premiums originally paid by investors for these contracts. It's unfortunate for many shareholders who invested in the company for years believing the share price would be much higher by Jan-2018.
Some will argue that the large volume of open interest for these Jan 19, 2018 options has been a major incentive for the Money Movers to suppress MNKD stock price and others will suggest that, once they've expired, share prices will begin an upward movement again.
We'll see.
Obviously, the risks associated with options can turn out to be painful. Unlike stocks themselves, you cannot hold them indefinitely and so MannKind's past failures can no longer be rectified. I have a few of these contracts myself and I agree with Nate Pile's advice. Never invest more than you are willing to lose. Let me offer my revisions to the above statement: "Some foolish people will argue that the large volume of open interest for these Jan 19, 2018 options has been a major incentive for the Money Movers to suppress MNKD stock price and other, equally stupid people, will suggest that, once they've expired, share prices will begin an upward movement again." I’m glad I’m only smart enough to hold a core and trade a few shares around it. I’ve seen it happen too many times with MNKD options. I hope the price jumps and it all works out for the options players, but it sure seems like it would be cheaper for somebody if they expired worthless. Good Luck to all |
|
|
|
Post by mnholdem on Jan 12, 2018 17:56:16 GMT -5
I'm not very knowledgeable when it comes to options. But if the PPS is $2.40 for example, and the premium was paid months ago, why wouldn't someone exercise a $2.00 option for a 20% upside? Also, looking at the options further: if the PPS dropped below $2.00, that would bring ~3000 puts into the money and remove ~6000 calls from the money. Considering the relative cheapness of shares to short (23% at Schwab), bad news next week might make that drop possible. You are correct, of course. I may have been thinking of the $2.50 strikes in my mental gymnastics. It's been a grueling week at the office. Thank you for correcting my error.  |
|
|
|
Post by sportsrancho on Jan 12, 2018 18:35:35 GMT -5
Barring a Hail Mary announcement during the 4-day trading week, there are around 26 million Jan 19, 2018 buy options (260k contracts) that will expire next Friday. These were originally LEAPS, most of which were bought years ago and include both pre- and post-split. If share price continues to be held down, all but the $0.50, $1.00, $1.50 and $2.00 strikes (post-split) will expire worthless and most of the $2 strikes will not be exercised because exercising them wouldn't recoup the premiums originally paid by investors for these contracts. It's unfortunate for many shareholders who invested in the company for years believing the share price would be much higher by Jan-2018.
Some will argue that the large volume of open interest for these Jan 19, 2018 options has been a major incentive for the Money Movers to suppress MNKD stock price and others will suggest that, once they've expired, share prices will begin an upward movement again.
We'll see.
Obviously, the risks associated with options can turn out to be painful. Unlike stocks themselves, you cannot hold them indefinitely and so MannKind's past failures can no longer be rectified. I have a few of these contracts myself and I agree with Nate Pile's advice. Never invest more than you are willing to lose. Let me offer my revisions to the above statement: "Some foolish people will argue that the large volume of open interest for these Jan 19, 2018 options has been a major incentive for the Money Movers to suppress MNKD stock price and other, equally stupid people, will suggest that, once they've expired, share prices will begin an upward movement again." Right, and some people think all the open interest is the shorts way of escape. I doubt it. |
|
|
|
Post by peppy on Jan 16, 2018 16:52:54 GMT -5
|
|
|
|
Post by kite on Jan 17, 2018 12:20:02 GMT -5
Any mid day chart update Pep?
|
|
|
|
Post by peppy on Jan 17, 2018 12:42:39 GMT -5
Any mid day chart update Pep? I am watching. Price did make it through the 20 day moving average today with this consolidation pattern. $2.62 is the top of this tiny three day wedge inside a possible triangle.
Price may go to $2.62. all on low volume. although volume a bit stronger today than the past 5 trading days.
788,406 at the half. www.nasdaq.com/symbol/mnkd/real-time
there is a possible price triangle forming, low $2.19. high $2.80. Potential point of break out would be $2.70. $2.70 plus .60.
some buyers came in, otherwise price is hopefully consolidating here, and then it breaks, I hope it breaks up.
That's all I have.
price is back to point of break out. Whoever told me hangman, was correct.
|
|
|
|
Post by kite on Jan 17, 2018 12:49:01 GMT -5
Any mid day chart update Pep? I am watching. Price did make it through the 20 day moving average today with this consolidation pattern. $2.62 is the top of this tiny three day wedge inside a possible triangle. Price may go to $2.62. all on low volume. although volume a bit stronger today than the trading days. 788,406 at the half. www.nasdaq.com/symbol/mnkd/real-timethere is a possible price triangle forming, low $2.19. high $2.80. Potential point of break out would be $2.70. $2.70 plus .60. some buyers came in, otherwise price is hopefully consolidating here, and then it breaks, I hope it breaks up. That's all I have. Hopefully volume will pick up in anticipation to this Friday's scripts, which will represent the first full selling week of 2018 |
|
|
|
Post by kc on Jan 17, 2018 12:53:21 GMT -5
Big block trade of 157,000 shares and the needle didn't move ? 
Amazing how that happens? can anybody explain it. |
|
|
|
Post by kite on Jan 17, 2018 12:56:10 GMT -5
Big block trade of 157,000 shares and the needle didn't move ?
Amazing how that happens? can anybody explain it. Unacceptable! I wonder who bought that |
|
|
|
Post by peppy on Jan 17, 2018 12:57:51 GMT -5
Big block trade of 157,000 shares and the needle didn't move ?
Amazing how that happens? can anybody explain it. deerfield. I can not explain it. I am just highly suspicious of Deerfield since their buy was $1.39 (post split) to cover their shorts and price went to .66 at our lows. |
|
|
|
Post by kc on Jan 17, 2018 13:15:59 GMT -5
Maybe Kresa made another buy today to even up his $6.00 purchase. but his last purchase on 10/13/2017 was 166,600 shares.
I guess we will have to wait until Close to see if it him. |
|
