WC, you did not get the point of my question. If for example you control 100,000 shares (1000 contracts) at a $10 strike you need $1,000,000 in order to exercise the options which you do NOT HAVE available to you. (You are tapped out after paying for the options). So even if the in the money stocks are now worth say $3,000,000 the broker will not let you buy the stock unless you can produce the $1,000,000 that you do not have. so closr, but no cigar. How do you cash in the potential profit you have in the options of $2,000,000?
I have another options question. the basic idea here is leverage so you can control more stock (that hopefully will go up) than you can actually afford to buy outright. so lets say things go very well and it is now near the expiry and you are in the money big time. How does the endgame work when you want to cash in, My broker tells me that if you wish to exercise the options to buy the stock you must have the cash (or buying power) in the brokerage account. So if the strike is say $10 but now trading at say $50, in order to get the $50 stock you must have at least $10 in the acount per share. But of course one of the reasons you bought the options in the first place was because you wanted control of more shares and didn;t have $10 per share to begin with. That leaves selling the options as a way to cash in, but in a thinly traded option like NWBO it is not always easy to sell an option for full value quickly (if you are near expiry). So you end up losing much of the options value in the need to sell the thinly traded options quickly.
So is there anybody who can explain how this really works and how one plays the endgame to casj in a thinly traded option that is near expiry but well in the money?
Thanks for the advice. Btw, I do not trade, I hold medium to long term usually. Also I CAN "pay" but I wish to control a max number of share given my available funds.
I want to add to my NWBO position so shorts need not reply. I am considering purchasing 1) either at the current price but on margin at 30% so for every 100 shares now trading at $6.28 I need to put up $188.4 and borrow $439.60 and pay 3.75% interst per annum, 2) or buying 1 option contract of the Jan/2017 $10.00 strike whic are now bid/ask at $0.65/$1.65 and last traded at $1.48. I am of course getting more than 100 shares but want to keep the math simple for this post. Any thoughts or suggestions. I do not have much experience with options but think this is probably out far enough so it will hopefully not expire worthless. Thank you in advance. Btw, I am not a newbie to NWBO and I have a fair position in the stock at this time from the $3 to $5 level.
I don't really care about how many shares he owns, just if he has become an insider or not so we can expect to track his future purchase basesd on insider disclosures.
I thought that LP directly or indirectly owned about 50% of NWBO. This would not be apparent from the MorningStar data you reported?
AB, you say "he has bought 1.4m shares in addition to his investment @ 5.79" did this info come from the funds disclosure of its holdings? If not, where did you get this info? This was really the point of my question. If Woodford is now an insider then we can keep track of any of his additional purchases as these would require insider disclosures,
Is there any way to get the audio on this panel that Linda will be a part of after her presentation? Any links? If not, is anyone present at the conference who could summarize what is being said by the panelists? THanx.
Buzz, I have a decent background in math and I am eager to read these peer-reviewed journal articles that describe how to do the math. Would you please provide the cites or links to several of these articles so I can learn more about this interesting topic. Thank you.
A similar thing happened again today (1/21). At about 11:15 AM a big block of about 300,000 shares traded at about $6.21 The smart money is still loading up big time while NWBO is still very cheap!
Does anybody know if the panel and Linda's presentation will be webcast? Can you provide a link please?
The title for the panel is Panel discussion: How might immunotherapy complement or displace current treatment regimens? Considering that many think that DCVax will become the SOC for most solid cancers when it is commercialized, thus this panel could well be a discussion of what happens to DCVax down the road. At the moment the trials are all DCVax together with the current SOC but this panel may give a view to what others on the panel think od DCVax and NWBO, and more importantly what may in fact be the future of DCVax as the new SOC down the road. Watch this panel it should be very interesting, Also take note, the panel immediately follows Linda's presentation at the conference in the highly visible position right at the top, right after the keystone.
Thanks. Could you please summarize what Larry says? I am not subscribed to his website so I can not read it.
About 250,000 shares traded at around 2:45 and spiked the share price by about a dime. Then about a half hour later a series of small trades brought the share price back down to flat. What this shows is that there are individuals or institutions willing to commit funds but the overall investors are not in major buy mode yet so it does not take much to drop the price back down on small volume. Give it another few months and this will change drastically with many trying to stake a position, For now it is just the smart money.
I would add one more point to the ones that you make. The cost of drilling services have dropped in a very big way, with very many idle rigs now available for a song and with labour begging for work in the oil services. So at this junctions of the exploration of the Arck, this will allow this exploration to be done very cheaply - at much less cost than previously forecast.
If NWBO becomes what I believe - a major new pharma whose treatments will become the SOC for most solid cancers - the LP will probably challenge Bill Gates and Warren Buffet for the position of richest person iin the world. she will certainly be worth tens of billions of dollars or more. I am hapy to catch her coat tails and make tens of millions on NWBO. Just watch what happens as more news comes out on germany and the UK, and more annecdotal info on particular cases in the unblinded direct trials and as we approach the ASCO conference later this year. The major spin and excitment will be with NWBO at center stage! It will be a great six months .
I am very long on NWBO, but I really do not get why the market believes Juno and ADXS and others and allows them to rise, but not NWBO, notwithstanding all the great milestones in the L and direct trials and the UK and German news. I can only attribute this to the manipulation of big pharma willing to put up big bucks (or what is needed) to insure that NWBO does not succeed in the market so eventually it either collapses or can be bought in financial trouble. I of course believe they will fail once the evidence from the trials becomes stronger and more evident, and the reality of the German and UK potential becomes more concrete.
Same for ADVX. Climbing like crazy of late but does not have anywhere near the same promise that NWBO has - people are real sheep - or is it that NWBO is the one the big pharmas really fear, so they are putting big money to manipulate this stock and keep it low?