unbelievable. i feel really lucky not shorting this a month ago. wall street thinks more homes will be built and all will be bought. many think otherwise but people who got gold make rules here.
i'll start selling Feb 45call when it crosses a buck.. i call this 'in-front-of-the-train' trade. hey but i think my risk reward is pretty good there
Agreed. Either pe in low 20s or yield rises to mid 2%.. I don't see any significant supports... Don't get me wrong... I've been tracking this name and wanting to buy just based on price levels... Unfortunately there are cheaper stuffs out there. Hey but if u own it, write some calls against it.
I'm considering buying some here but was shocked when spotting huge 50 put jan volume... And it seems a lot of those were bought at the ask...
I hope I saw it wrong.. Can someone check it please?
If this is real, then I really think we will definitely see 50 before the year end.
I'll buy it then when those put buyer sell to close their position...
Kicking myself now... I didn't get assigned any shares as it closed higher than 4 bucks at nov exp. now looking at 60 cent should-have could-have.
Congrat to all longs. I'm contemplating to buy write now.....
Counting down to the option exp tomorrow.
- own alxa at 4 then pray/keep finger crossed into Dec + sell covered call (5 or 6 strike)
- survive being assigned at 4 and kick myself in Dec
- survive being assigned and say to myself '... wow....that was close' in Dec
- own alxa at 4 and go into Dec unhedge and kick myself and cry in Dec
disclosure: short $4 Nov put
Another +1M shares.... the shares were dumped fast in big lots...
I'm looking to average down around 46-47 cents.
Wow.. it seems he/she who sold doesn't care much about how thin INO is normally traded. I start to think some funds are closing out the position here. With the market swoon, it makes sense...
Although usually bio tech is the most resistant sector to the macro environment, liquidation to cover other losses can occur just like what we are experiencing now/
1M shares today. smacked down and bounced around 52cent. I wonder who sold this hard. Maybe some institution had a tax loss sell or tried to cap some gain before EOY...
Definitely not small potatoes. imagine selling 90k shares lot in a min. it went thru the floor to find the bid.
Well, J.Kim said we'll hear something before end of year... He needs to reinforce investor confidence soon before this is back to 40cent-ish. Curing a mouse is not enough...
a) HBV preventive vaccine has been avail for 30 years and every child is admistered
b) A lot of people in Asia have been infected but the pool is smaller as everyone now got the HBV vaccine..
Therapeutic vaccine sounds cool but how big is the market?
"In July, Alexza entered into a committed equity financing facility under which we could sell up to $20 million of our registered common stock to Azimuth Opportunity, L.P., over an approximately 24-month period. This financing facility replaced a similar facility that was established in May 2010 and expired after its 24-month term. During the third quarter, Alexza sold 3.5 million shares of common stock under this agreement for aggregate net proceeds of $13.4 million. Alexza remains free to enter into and consummate other equity and debt financing transactions subject to certain restrictions."
What I meant is they can still do it easily. ~$7M more if they need it... or 2M shares to go in 21 months.
To me, I consider this on-going until they exhaust another 2M shares.
Now we cleared the election and earning. We learned that the dilution is still ongoing. My guess is this will drift a bit lower but not much lower until Nov option exp. Then I really believe it will run into Dec announcement as folks start to put their bets on. It'll be surly interesting.
I was kindof shocked few days ago seeing someone selling 11 call for such a huge premium. If I own the stocks I'll do the same.
In the meantime, I am waiting for my assignment of 4/share..
Not touching those yet.
Nov option series should be where you concentrate your energy now. Dec premium and volatility will stay until December FDA announcement. Buy or sell... you won't see much movement until then.
If I get assigned shares at 4, I'll definitely sell 5 or 5.50 call as soon as Nov expiration. I am not hoping for a lot here. Should pocket a buck to protect me on the downside
either hedging their shorts or outright bet alxa won't drop below $3.5 in the next 24 days or so.
i myself sold some 4 Nov put (uncovered)... either i'll have it at 4 to bet for Dec announcement or pocket some changes here.
(next catalyst is Nov earning... i dont expect much for biotech earning but their cash burn rate will be examined closely)
Knight was my first choice for market maker.. but no more. Almost couldn't believe the velocity of the drops..
I think ITG may see some inflow from folks who fled KCG
Agreed on the banks holding...Banks in general will drop
but Tech will stay afloat
AAPL post earning is enough to keep S&P flat.
don't forget Dimon JPM and Buffett WFC.. those will also help the market as no sellers dare to touch them.
Yield on 10Y and 30Y are just so low that it can automatically support the stock market.
It's a tough spot for Vol....
Even if Europe collapses, the market will still stay afloat here. People will continue selling Vol
The perpetual QE expectation and liquidity inflow from Europe are your answers