at some point a breakout comes here. still seems an option strangle is an excellent play.
gambling junkies masquerading as investors. al save us! lol
do not ever fall in love with a stock. always take profits.
ha ha ha! al save us save us. desperate idiot that broke rule number one and fell in love with a stock. now desperately wanting a bailout from its ceo. you would be quite at home as a bum on the streets
after all the weeks of $20 pps"s, short squeeze talk, partnership talks... not a single one came true except for telsa rowe's pps collapse theory. shorts have won here already.
so whats supposed to happen from now until then? Dilution thats what. seriously people, mnkd cannot go another 6 months plus without a share offering because they need an up front partnership payout. open your damned eyes. they burn $25M A QUARTER!!!!! Get real! i would be shocked to see this thing hold $5 by late this year. this stock is such an easy short i almost feel guilty.
Ya i wouldnt say the mkt is oversold by any metric. As far as metrics i only stick to a couple since i am a trader (as opposed to investor) and those are rsi's and bollingers. Was hoping for a discussion on the weekly option plays available here.
It really seems quite evident that a move to spy $200 or below $195 is coming in the next week or two. I don't know what direction it will go and don't really care. Hence, i have plotted a play i think could be tremendously profitable.
My play is to put a weekly option strangle on spy atm. That is, i bought calls and puts at the $196.50 strike for this week and will do another atm strangle before fridays close. Currently the $196.50 call/put strikes sit at .60 and .65 respectively. That means a $1.05 move in any direction will about break even and anything more than a $1.05 move is profit. I actually don't see a more profitable play to be had here. Im a trader, so i am neither bull nor bear. Anyone have an opinion please be generous.
"Favelas" is the proper vernacular for what you call shanties and rat holes. Should see some good sized rioting over the week.
They have this stock on their screener and are waiting for a 25% drop at least before considering another position. And even then they will flip it for a quick profit. This stock has now become the victim of day traders, swing traders, shorts, option players, hft and mm's. nothing left here. Telsa Rowe who used to be on this boarf took millions out a this thing. Funny thing was he authored a post right before approval warning of the very thing thats happened here.