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I still own 12,500,000 shares of Biogeron
Look it up……BK too
wanna buy it?
To date, I've made almost $10K trading the stock and writing the options, on top of that, riding 26K free shares as a result, plus founders shares (wont state quantity here, "never sold a share" of those as Todd likes to say). Pretty darned good, it's been a fair amount of work but also taking advantage of the options market at the right times. Not bad considering my first buys around $10/share, a miracle really.
BUT that Gig is over, the 2.50 calls, heck even November are not fetching anything, we are just too far away from a buck a share for anyone to think that 2.50 calls are worth the gamble to buy. At this point I am leaning towards simply buying shares around this price point or lower and selling on any rallies, not much else you can do with options off the table. The stock price is just cheap in my opinion and in fact I should have been buying this last month, I sort of lost track of the share price. But maybe at one point we rally and if we do maybe we can get a nickel for August or Nov in more than just small quantities. You can also try selling at the market and see where you get filled, but problem is they can fill you for a penny and then you are stuck with the options till expiration locking you from selling options on later rallies since all of these are covered calls and I cant really go naked.
On the prospects of the drug size, I am still bullish mostly on ALZ001 which seems like it should be a no-brainer. but this stuff takes so so long.
Continued to buy down to 50 cents, could that be a bottom, hell if I know, but it's a start. Problem is that options are off the table now, and the exchange wont add .50s or 1s, making hedging with the 2.50s almost impossible, the only one that can be written is the August 2.50s for maybe 15 cents, if you're lucky.
I saw that, and I also see ALZN just fell off a cliff, I mean could that be related, people get nervous, there shouldnt be any relation whatsoever. Im buying right here at around 90 cents. Unfortunately the Feb 2.50 calls are no longer worth writing even if you could get a nickel, while the May 2.50s only fetch a dime, good thing I have written my fair share. Easy to look in hindsight and say why not write more, but you never never never know when this will spike. It has done it a few times and no reason to think we wont get a nice pump to drive up the price of options, when that happens do not be asleep at the wheel.
SEC Charges Eight Social Media Influencers in $100 Million Stock Manipulation Scheme Promoted On Discord and Twitter. ALZN was a target.
https://www.sec.gov/litigation/litreleases/2022/lr25591.htm
Complaint: ALZN on pages 24,25,26,27
https://www.sec.gov/litigation/complaints/2022/comp-pr2022-221.pdf
no luck so far on getting new strikes like a buck or two bucks but in meantime I've started writing feb 2023 2.50 calls starting at 20 cents, i'd like to get better but i
ll take it its better than getting nothing. hell 600 options at 20 cents is $12 grand, worse comes to worse I'll take it and Feb isnt that far away. at same time trying to write may 2.50s for 40 cents, heck 100 of those is $4 grand, found money.
continue to trade a bit of ALZN taking some profits in the 1.40s and buying back in the lower 1s. The options are mostly worthless going out a couple months, so the ones I wrote I will just let them go out worthless, I could write some more but I need to leave some of the position uncovered in case we get a nice spike which could happen, but, but, no news expected until November and even then who knows what credit the market will give to ALZN until they are farther along. I may look at the Feb 2.50s, and I also put a request in for .50 strikes starting at a buck, lets see if the exchange honors that, as I wouldnt mind writing some 1.50 or 2.0 calls at the right time
I have spoken English for 76 years
It’s a joke!!!
its a US english expression, it means that it's doing ok, its not tanking, its holding a decent price without collapsing.
all things considered, ALz is holding its own. I want to write more options but I dont want my position fully covered. I will wait for the anticipated news this month, see what the stock does, and if it spikes I'll write some calls, otherwise sit tight with what I have already written.
well that worked out pretty good for me, turned around and wrote a lot of Sept 2.50s that will go out worthless, and even dabbled in the November 2.50s for a dime. But need to be careful b/c always a chance we get another spike and want to have dry powder to collect some nice premiums if that happens. What I was afraid would happen happened - the spike cooled off and the premiums for the next month (September at the time) collapsed by Monday when I could start writing them covered, which I did a little, but the best time was during those couple days. Really those options had no business fetching the premiums they were getting, and you gotta take advantage of the opportunity. We know the schedule roughly for future legit news on Alzamend (short of a buyout which is impossible to predict) and so the risk/reward favors the writing of options that will go out worthless, the key is being patient waiting for the opportunities to write them instead of settling for a nickel or a dime if you are desperate for cash. - sometimes better to let the opportunities pass by for low premiums b/c when you do get the spike, the premiums are double triple or more, best wait or set a limit as to how many you will write at the cheap prices and wait out for the spike for the remainder, if it indeed comes, it may not and thats ok, its all risk/reward, nothing worse that having your whole position covered and for a huge run to occur and leave all your profits on the table at the $2.50 strike.
wow anyone see ALZN calls today. The price of the stock has inched up (I will not call this a spike ) to the 1.20 range, and the 2.50 calls expiring on Friday have sold from .05 - , are you ready for this, .20.
Oh my gosh, I dont believe it. I wrote calls to cover my entire underlying position, is it worth the risk, I am cash hungry and Friday is very soon, is it going to 2.50, anythings possible, but not everything is probable. If I were to get called out my entire position, I can live with that. But better yet, we can write calls against the entire (or whaterver part you want) position after Friday (assuming only covered calls here, no naked calls, too much margin and risk required), I can also live with that. Right now the Sept 2.50 call is fetching a quarter, not bad, I wouldnt write fully against that after Friday, but I would probably write 300 calls to raise more cash.
no its not, he's just a huge believer in what they have, and heck they own over 40% of the outstanding shares. When this blows, and it will I just dont know when, then look out, b/c the remaining shares as of right now around 52 mill or so will be hard to get your hands on at anywhere near these prices, and their shares will be not be for sale that you can be sure of.
Why does it seem all the form 4s are Ault Milton’s. Seems suspicious.
here we are cycling around a buck. News has had no impact. Time will get this where it needs to go. Hopefully they are using the money wisely. So DPW Lending paid 1.50/share the other day, must be worth at least that you'd think, then again, it was DPW Lending, incest is best. Need a nice spike so we can write some options, right now its not worth it, there's hardly any premium
World changing implications for a buck?
What’s up here?
Manipulation…..
I actually got filled on 20 x May 2.50 calls at a nickel, that is I bought them not sold them. I figured it doesnt get cheaper than that for a lottery ticket.
Anyway this is just plain stuck. I hope they can get some kind of news out in the next month that moves the stock. As a reminder a good chunk of the float is locked up, it shouldnt take a lot to move this.
here we are in the doldrums along with NILE and the other companies. I have been buying down here with the hope and belief that these two drugs, or at least AL001 will be a game changer. Can't write any options down here, too risky, will write them on a nice spike. In fact I am trying to buy the May 2.50 calls for 5 cents, it's so cheap I may as well be a buyer at that price as I made a ton of money on the other side of that trade in the earlier months.
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