kepler2stars, the Indian moron on the FDA panel at the Adcom was Lokesh Jain. I posted this response a few days after the Adcom.
chrisdc73, I am hoping afrezzauser's doctor, Dr. Bode, who is also a diabetes research doctor at Emory, I think, will present something on the results he has seen with Afrezza. From what Sam has posted on Dr. Bode's email about reversing Sam's insulin resistance, as well as possibly reporting on Sam's soon-to-be great A1c reduction into maybe a non-diabetic range, it could reveal a lot about Afrezza to the ADA convention attendees in June.
adisa_ki, what about that January 2016 3/3.5 call spread today? I can't determine, because the time&sales were not done at either the bid or ask. 18K unwind of a short call spread?
adisa_ki, I had not looked closely at the premium for the Jan 3 and 3.50 calls. After you mentioned the premium I went back over the trade times, call option prices, premiums, etc. All these 18k + 18k calls were done at 3:42 pm shortly before the close when MNKD was trading at $5.17. The jan 3 calls traded at $2.17 for no time premium at all. The jan 3.50 calls traded at $1.85 for a $0.18 time premium. It seems no profit oriented market maker would do such a trade. I would conclude some market maker or fund is playing with itself, as if they have a big short on and just gifted themselves about 4M shares to cover. What do you surmise could be going on with jan calls that trade with no premium or with premium that is equivalent to $5 weekly calls that expire this week? (even if this is a 3/3.5 call spread I don't see that it makes a lot of sense).
adisa_ki, I have thought about something like that, but "they" are trading a lot at "market" prices. They don't hit a bid or ask sometimes. Whoever is selling might not let you play. If you try buying at the market for options, they can make the trade an unhappy trade result. Those two 18k jan 3/3.5 trades were market prices, so clearly a deal was known by some players with no arms to have any length - so to speak.
gar4one, today I see 6.5% interest rate to borrow CHK. Yesterday it was 0%. Tuesday it was 0.25% for a borrow.
adisa_ki, the jan 16 3.50 calls were some kind of unwind, because the open interest went way down to 8.2K. However the $3 calls of 18K were additive of some sort. That open interest is now up to 28.7K. Also I noticed this morning a strange bad print on the april 17 5.50 calls. It was 2.5M (no kidding), and that stayed there for 10 or 15 minutes at least. I could not get time & sales on it, and I figured it was either a bad print or a signal for someone later in the day. Maybe you saw that bad print too.
gar4one, if you have CHK shares in a margin account, your shares are already loaned out. To be approved for a margin account, you must sign the right to loan your shares over to your broker. However if you have some CHK in a cash account, e.g., a self-directed IRA or Roth IRA, etc., you can sign some paperwork to allow your broker to loan the shares(to market makers who will likely use them to short the stock). In that case you will get the 6.5% IF the broker loans your shares out. However right now CHK has millions of shares available to loan out at 6.5%. Thus it is unlikely your shares would be needed at this time. The best thing for you to do is to call your broker to find out what the status is at your broker. Personally I don't let my broker touch anything in my cash accounts. I cannot do anything about my margin account, because to trade options one must have a margin account.
Given the paragraph above the answer to your question is either newly bought or previously bought shares could get the 6.5% if your broker loans them out.
adisa_ki, yes, the April 17 expiration is the monthly I meant. It was volume not open interest. I saw it maybe 45 minutes to 1.5 hours into the open. It was Not there for the first 30 minutes. There was no report of it on time and sales, and up to that time there were no trades in that strike price.
adisa_ki, yes, I see. There were 2000 traded at the bid of $0.02 according to time & sales.
adisa_ki, do these bid/ask spreads seem very tiny to you?
adisa_ki, I wanted to make the 2.5M bad print a bit clearer. The volume number of the April 5.5 monthly was 2.5M calls, i.e., representing 250,000,000 shares. I had to think that was a bad print, and that is why I did not flag it at the time.
alohazabel, that's what I thought too. It appears the answer from dfa_69 is whatever the job at Sanofi or as a consultant to Sanofi, he or she is a supernumerary with a desire to let everyone know he has information and he or she is important.
joeblow180, I see you are Type 1 and use a pump. Are you completely off the Novolog/Humalog. If not, why not? This would be interesting to know, because I recall afrezzauser's writing that commingling the raa and the afrezza complicates the times of action and other variables.
joeblow180, so it would appear you Are off the Novolog/Humalog completely, and there is no commingling of the RAA with the action of the Afrezza. That is what I thought and expected, but I had to ask to make sure. Thanks.
mnholdem, no matter what Sanofi says the attributes of Toujeo are, such as, one injection per day, Sanofi is offering it at a premium price to all the basal insulins on the market. With Lantus going generic and such a large number of Lantus users, Toujeo will have a rough time with lower priced generic Lantus plus all the other basal insulins out there. I do not yet see an overpowering reason insurance companies would pay premium prices for Toujeo when lower price generic Lantus is available.
seyhey44, check your 6th sentence beginning with, "We also know afrezza...." I think you have a typographical error in your sentence.
joeblow180, I think my reading comprehension is good. Novolog/Humalog are rapid acting insulins (RAA), and you are not using them in any way(as I wrote above), including in your pump. I assume you pump something like Levemir or Humulin, which are long acting insulins.
jsuesssoprano, I took a look at the greater than 2000 jan 2016 3.50 calls as you indicated. Just as adisa_kl and I discussed a week ago, these long dated, in the money calls were traded for essentially no time premium -- although the calls are 9 months away from expiration. I still would like to hear from adisa_kl and anyone else who would be offering this volume of calls for no time premium.
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