This sounds very interesting and makes a lot of sense for people who really are terminal and have no other hope and are willing to knowingly take the risk of an experimental drug and pay for it. I am not clear if all that is required is action in state law only or does it still require federal legislation as well as the state action? This sounds very much like partial pre FDA aproval for commercialization if the patient signs off on the risk. For NWBO, this could be the US equivalent to the German and UK programs. It now ocurrs to me whether insurance (gov or private) might pay for it like is now happening in Germany.
Does anybody know when the Jan 2017 options became available? Same question for when the Jan 2016 options became available? The reason for these questions is I am trying to guesstimate when the Jan 2018 options become available. Better yet if there is a date definite for that, do you know when to expect the Jan 2018 options on NWBO to be available?
And I do not think that is happpening. I am not experienced in options, so I have another question. Assuming things get more positive as time progresses, Is there any reason at all to exercise the options sooner rather than later rather than waiting for a time near the expiration of the options? This of course assumes that you continue to believe the future continues to be rosy for NWBO. In the question I assume that I will eventually be excerising the options and not selliing them because I believe that when near expiry of the options the stock will be much higher than now, nevertheless there will still be a huge profit to be made by holding the stock well beyond 2 years while the commercialiaze the DCVAX products and become the SOC and go on to conqeur the market and eventually take away much of market from chemo and radio therapy. this will probably take several more years.
I guess we think alike because that is what I ended up doing yesterday - bought the Jan 17 $5 calls. I think it is the best bang for the buck and limits your downside, The thing you give up by not getting the stock is that the upside better materialize within 2 years which I believe is more than ample.
Which of the following would you buy if you are positive about NWBO? Would you buy either the $5 or $7 or $10 strike for either Jan/2016 or Jan 2017. Or would you just leverage the outright stock purchase at 30% margin?
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?