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Post by harryx1 on Aug 3, 2018 15:37:08 GMT -5
can somebody check, how many MNKD puts were sold today? was that a put party as well?  |
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Post by awesomo on Aug 3, 2018 15:37:51 GMT -5
20-25% is usually what it tanks for dilution, so we did this anyways today with no financing. Now, we’re sitting at an even worse spot for raising money.
So yeah, I would have preferred if he just announced it yesterday.
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Post by boytroy88 on Aug 3, 2018 16:58:56 GMT -5
20-25% is usually what it tanks for dilution, so we did this anyways today with no financing. Now, we’re sitting at an even worse spot for raising money. So yeah, I would have preferred if he just announced it yesterday. I don't know...I think he really has something going that's not dilutive... I'm probably wrong but if that's what they're going to do it would've been announced yesterday after the CC like the last time. |
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Post by buyitonsale on Aug 3, 2018 21:05:22 GMT -5
Picked up more AH at 1.16 to "correct" my earlier buy at 1.43 today. Shorts are good, but I believe true longs will win at the end  |
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Post by tinkusr8215 on Aug 3, 2018 22:51:53 GMT -5
Picked up more AH at 1.16 to "correct" my earlier buy at 1.43 today. Shorts are good, but I believe true longs will win at the end True longs as in longs buying now or longs that bought before reverse split? who is true and who is truer and who is truest?
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Post by buyitonsale on Aug 3, 2018 23:45:51 GMT -5
True longs can easily spot someone who is not. That’s what makes them a true long  |
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Post by sla55 on Aug 4, 2018 9:08:55 GMT -5
Pulled all the pennies from my accounts and was able to buy my daughter another 2k of shares. Somebody was talking about you on the comments section of the last SA article: Bobstert
Comments (220) |+ Follow
One person I feel sorry for is the daughter of the guy on proboards who keeps bragging how he is investing the money that would fund her future inheritance into MNKD shares.
03 Aug 2018, 02:36 PM |
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Post by pat on Aug 4, 2018 9:11:31 GMT -5
Peppy - does this sound right:
Short sellers sell Xmm shares of stock
They buy X calls to delta hedge their position flat
They pay the stock loan financing to cover the short
They bleed time decay on the options
They rebalance the hedge periodically
But their unrealized gain far outweighs the negative carry they wait for bankruptcy or dilution.
This would seem to jive with the short selling and call buying yesterday afternoon.
But it creates a powder keg.
The minute the stock price increases the delta equivalent on any calls will go to one. The short sellers themselves will be ok from a hedge standpoint. In fact they’ll get longer as the price goes higher. But the option market makers are not. They will need to buy more and more shares to remain delta neutral against the call options they sold. That will drive the stock price well higher.
And the short sellers carry will blow out as shares available to borrow reduce and the stock loan charges spike.
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Post by traderdennis on Aug 4, 2018 10:53:02 GMT -5
Peppy - does this sound right: Short sellers sell Xmm shares of stock They buy X calls to delta hedge their position flat They pay the stock loan financing to cover the short They bleed time decay on the options They rebalance the hedge periodically But their unrealized gain far outweighs the negative carry they wait for bankruptcy or dilution. This would seem to jive with the short selling and call buying yesterday afternoon. But it creates a powder keg. The minute the stock price increases the delta equivalent on any calls will go to one. The short sellers themselves will be ok from a hedge standpoint. In fact they’ll get longer as the price goes higher. But the option market makers are not. They will need to buy more and more shares to remain delta neutral against the call options they sold. That will drive the stock price well higher. And the short sellers carry will blow out as shares available to borrow reduce and the stock loan charges spike. Pat I am not convinced the call volume was bullish yesterday. You can short the actual stock, or open a short position on a call. I did not take the time to look at the call transactions yesterday, but if the large sales was executed near or at the bids then those are short sellers opening a short position and the market makers having a long call position. The market makers may of delta hedged their long calls with short stock. Bottom line is that you can't assume a 9:1 call to put volume is bullish on the stock. |
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Post by pat on Aug 4, 2018 13:05:20 GMT -5
fair point. Writing calls gets you to the same place. And you’d have positive theta. I imagine you’d have to post margin or something against the open positions? Do you know the rules as I’m curious
Not to be a jerk but where’s the pipe announcement? Didn’t you say it was signed at 11am yesterday?
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Post by brotherm1 on Aug 4, 2018 13:16:27 GMT -5
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Post by brotherm1 on Aug 4, 2018 15:55:22 GMT -5
I hit the wrong key by mistake. The above was supposed to be a question mark. Who said it was signed at 11 yesterday?
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Post by mnkdfann on Aug 4, 2018 16:08:52 GMT -5
I hit the wrong key by mistake. The above was supposed to be a question mark. Who said it was signed at 11 yesterday? I'm not sure anyone actually specified the timing quite that precisely. |
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Post by pat on Aug 4, 2018 17:24:05 GMT -5
I'm referring to traderdennis' post on this thread at 3:12pm yesterday.
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Post by traderdennis on Aug 4, 2018 17:31:56 GMT -5
fair point. Writing calls gets you to the same place. And you’d have positive theta. I imagine you’d have to post margin or something against the open positions? Do you know the rules as I’m curious Not to be a jerk but where’s the pipe announcement? Didn’t you say it was signed at 11am yesterday? I also said that a dilution announcement would be the best case reasoning for the crash. If there is no announcement soon I would conclude that a hedge fund took up a new short position and that I would expect to see further pressure on the stock. |
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