The drop today is not company specific. It is a reflection of the sector. NVAX was up to 8.88 before the entire index dragged it down. If the entire sector hadn't tanked today the price would certainly be much higher. Buying at the dips today is probably a good play. JMO.
many posters look for 7.25.....7.75......whatever....today was a chance to buy in all I care to own....good luck to all
Biotech companies weighed on the Nasdaq, following the lead of Mylan (MYL - Get Report) and Teva Pharmaceuticals (TEVA). The two were lower after Mylan rejected a $40 billion bid from Teva.
"The fact that they broke off negotiations -- obviously that's impacting the market here," Peter Cardillo, chief market economist at Rockwell Global Capital, told CNBC.
Celldex (CLDX), Biogen (BIIB) and Celgene (CELG) were all lower, while the Health Care SPDR ETF (XLV) declined 1.6% and the iShares Nasdaq Biotechnology Index ETF (IBB) fell 4.1%. Biotech company Celladon (CLDN) tanked nearly 81% after a trial of its heart failure treatment missed its primary and secondary endpoints.
Yep that would be nice if it has a kneejerk price drop. When it drops to $3 per share I'm going to buy a couple thousand shares. Then I'll ride it from $3 all the way up to the offering price of $7.25.
Big money is in the know. They are bailing out as fast as they can. That's why the volume is up. They're getting out before NAVX gets into the low $7 range.
I bought another 8500 shares in the high 8.20's. So I am green today and will be greener tomorrow when this stock jumps up again.
Options trades may also be used to hedge opposite positions I would not use them to predict a future stock price except when unusually large options trades are made out of the blue. It may mean someone has insider information.
I wish that were true. What I know with certainty with options is that I know very little relative to the big players and the "pros". Best of luck to all of us longs. I hope the big trade in the 10 Calls bodes well for a move higher!
Very true. So many different strategies employed with options that for me, it's difficult to ever know for sure what the "tell" is on any given position or trade in the options market.
I think trading down in sympathy to CLDN and IBB down. IBB 50 DMA approx. 348, IBB been holding that 50DMA since last Oct. IBB long lower wick today sometimes indicates buyers stepping in. 25% of NVAX trading shares bought back. Lookin to hold 8.28 ish 2day. I think that 8.22 - 8.25 area may be the last gift. But hey it can go either way.....that is why only 25% addition......may have to chase it up tomorrow?????? Or maybe down.....Lets C what the big boyz do.
I agree 100% with everything you just posted...
The reason I made my first post, is, many (not all) people never think in terms of selling options, only in terms of buying...
Please excuse me while I bang my head on the wall in angst over not going with my gut this morning...
Longterm, we'll surely be fine I believe, but it just goes to show you that the more things change (the evolution of the company), the more things remain the same (predictable trading patterns).