Wed, Sep 17, 2014, 7:46 PM EDT - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

Affymax, Inc. (AFFY) Message Board

  • t0m.mirabit0 t0m.mirabit0 Jul 9, 2013 7:28 PM Flag

    What's happened to GWP and Grey?

    This is going to be boring.
    By the way there's only 8 trading days till the July Options expire.
    I think I'll buy a few more shares to add to the upward movement next Thrusday.
    You guys are right, right? Tell me your right.
    (I'm just trying to get GWP to respond)
    I never got the simple answer from Grey.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • IMHO Tom, it makes perfect sense for the powers that be to keep AFFY above a buck on July options expiration. After settlement, the following Monday there will be a lot of bagholders who are long AFFY $1 calls. On the other side, there will be even more AFFY sellers (shorts) from the expiring puts. If the put holders are retail, like me, then if their brokers are like mine, TD Ameritrade, the brokers will force the AFFY sellers to buy back the AFFY stock so that they cannot hold a short position. If that is the case, you should get a pop on that Monday, probably late afternoon.

      That being said, IMHO AFFY BK can appear any time like a thief in the night. Just do not be caught holding the AFFY bag when it does. There is risk to holding AFFY that IMHO is much greater than being short AFFY insofar as a buy and hold situation is concerned. Good luck.

0.17+0.01(+5.59%)Sep 17 3:27 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.