Alzamend Neuro Inc (ALZN)

[PennyStockTrader2]

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.

[Roozy]

Oooooops to .58!!!!!!!!!

[Roozy]

Oooooops to .6150!!!!!!

[Roozy]

$33 birthday to .8396!!!!!
Sell off for $5/share

[PennyStockTrader2]

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.

[Renee]

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

[Roozy]

Great blurb on Fox Business

[PennyStockTrader2]

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.

[PennyStockTrader2]

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

[Roozy]

What? 5,000,000+ shares traded

[Roozy]

I have spoken English for 76 years
It’s a joke!!!

[PennyStockTrader2]

its a US english expression, it means that it's doing ok, its not tanking, its holding a decent price without collapsing.

[Roozy]

Own what?

[PennyStockTrader2]

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.

[PennyStockTrader2]

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.

[PennyStockTrader2]

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.

[Roozy]

AL002 coming game changer

[Roozy]

Depress the price buy more shares

[Roozy]

Kerplunck!!!!!!

[Roozy]

More red!!

[Roozy]

Mostly red trades……

[Roozy]

Deli$ting notification

[Roozy]

8-k??

[PennyStockTrader2]

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.

[Surfacetite]

Why does it seem all the form 4s are Ault Milton’s. Seems suspicious.

[Imokhopeur]

Had to grab a few here!

[PennyStockTrader2]

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

[Roozy]

Maybe a .50 cent stock

[Roozy]

Perfect company sold turf

[Roozy]

Well! This sucks big time!

[Roozy]

World changing implications for a buck?
What’s up here?
Manipulation…..

[PennyStockTrader2]

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.

[Avidfisher]

It's Alive!!!!!!

[PennyStockTrader2]

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.

[Roozy]

Train wreck!!!!!!

[beambe]

Pipeline...https://alzamend.com/pipeline/

[beambe]

good Volume

[Roozy]

Mark Gustafson? Director?

[Roozy]

How low can you go?

[Roozy]

So true! So far a 1 trick pony

[zagdad]

ouch...where's the news, PRs, updates.....??

[Roozy]

$33 to .98 what am I missing?

[PennyStockTrader2]

I cant predict the future, nobody can. I wouldnt have sold all since I have long term gains. I never expected it to get near these prices, look at the Executive chairman he didnt sell any shares, and in fact kept buying from 10 bucks on down. If he doesnt know the value, then who would. I honestly dont know how many and how much was sold by private investors, but I stand by my decisions. With all the options I wrote I am riding additional free 10K shares, so I will make the most of it, better than just holding, but yeah I could have sold at higher levels, but not 7 bucks by the time I got my shares it was between 2.50 and 2.75, so there was no way in the world I would have sold anywhere under 3 bucks or even 5 bucks.

[eqinvestor]

You're funny. So you don't wish you sold at 7. That is a good strategy. Don't sell at 7 and ride to $1.50. Makes a lot of sense. LMFAO

[PennyStockTrader2]

I still have all my 62500 shares (which by the way I didnt pay for), plus ones I have bought on the open market, what is not clear about that? If those people sold their shares, then that's their problem, they'll miss out on gains of a lifetime. In the meantime I'll raise cash for other endeavors while holding, I dont mind. Follow the Executive Chairman.

[eqinvestor]

Forget it there dude. You're scrambling. I'll repeat. Private placement holders sold the crap out of it. Except one who wrote covered calls LOL

[PennyStockTrader2]

I am not following you, THEY WERE RESTRICTED hence I couldnt trade them, they become unrestricted after 4 months of going public, at which time they became freely traded and covered calls can be written against them. In fact I have even bought some back in fear of this thing just going ballistic, since so many of them are written for the May expiration.

When you say good try what do you mean by that?

[eqinvestor]

Good try. If the shares were restricted, there is no firm in America that would allow you to write covered calls against them if you understand the mechanics of a covered call. Very good try

[PennyStockTrader2]

First of all, I was not allowed to sell shares at anything probably over 4 bucks b/c they were restricted and I didnt have them. Second of all I never said I made money overall, what I said was that I generated cashed which I really was able to use for other opportunities while holding the stock as collateral for writing calls. Re-read what I wrote. I am long Alazamend, its going to the moon, I just dont know the timeframe

[eqinvestor]

So I can tell you since at one time I was a professional trader, it would be virtually impossible to watch a stock go from 35 to 1 and claim you made more money by selling covered calls as opposed to selling your common. Looking at it another way. If you have 3,000,000 shares and didn't make 1,050,000 selling covered calls. You still lost. I would virtually guarantee you I'm right.