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Here is a pic of my spreadsheet on the Jan 25 call options( based on todays pricing...this my help illustrate what strike price to buy at....It all depends on Price and timeframe...The amounts under the strike price (BO amt) represents profit...
Dang= After I posted, the columns don't line up..the first set of numbers is strike price (2 thru 7) followed by option cost, (3.30 down to .70), number of options that can be purchased (12 to 57), and cost (appx 4k) and last, the profit at various strike price at BO price( 8 thru 12)...Hope this helps
———————Strike Price———————--—
8 9 10 11 12
Strike Price Opt Cost # $ Invest
2 3.30 12 3,960 3,240 4,440 5,640 6,840 8,040
3 2.50 16 4,000 4,000 5,600 7,200 8,800 10,400
4 1.75 23 4,025 5,175 7,475 9,775 12,075 14,375
5 1.25 32 4,000 5,600 8,800 12,000 15,200 18,400
6 1.00 40 4,000 4,000 8,000 12,000 16,000 20,000
7 0.70 57 3,990 1,710 7,410 13,110 18,810 24,510
I take it you expect the BO to be less than $11...
If you believe BO would be > $11...then perhaps the $7 strike would be more profitable (using the Jan '26 options)...
You can buy twice as many options with the same investment $ (7 vs, 3)...
At $3 strike price: If you buy 10 options of the $3 at 2.90 ($2,900 cost)...At $10 BO...proceeds would be 7k(10-3*10*100) less 2.9k cost =4,100 profit...at $12 BO (12-3*10*100) proceeds would be 9k less 2.9 cost = 6,100 profit. Therefore at a BO of $12 or more then $7 strike price would be more profitable.
With the same $2,900 you could buy 20 of the $7 strike price at 1.45 (I am using today's closing ask price at 97% - assuming you can buy both for 3% less then ask).
At the $7 strike price: At $10 BO, proceeds would be be 6k (10-7 *20*100) less 2,900 cost = 3,100 profit...A BO at $10 would make the $3 strike price is more profitable (4,100 vs. 3,100).
At $12 BO, proceeds would be 10k (12-7*20*100) less 2,900 cost = 7,100 profit...So, a BO at $12 would make the $7 strike price more profitable (7,100 vs, 6,100).
I'm guessing a BO would be greater than $10...
Disclosure: I did something similar but on the Jan '25 options as I believe if there is a BO it will happen sooner (within 6 months as opposed to 18 months)...I did want to pay the time premium for the extra year...Also, one can buy 3.5 times as many of the 7 strike price vs. $3 strike price (.70 vs. 2.50) and the $7 strike price is more profitable at $10 vs. $12 going with the '25 options vs. '26..
Just something to think about...I am not recommending one over the other...
I bought Jan 2026 calls today playing the BO game….$3 strike price paid $2.89…..gonna buy more
What do you think of the Jan 17 2025 call options?
The $7 calls look appealing, if one believes this company will be BO for at least $10, within 6 months.
wrong chart
GERN Nice day! Strong close. Augers for a good tomorrow.
Almost there now
Next cancer approval will most likely be NWBO...MHRA application submitted 12/20/23...expect decision between now and end of August.
I wouldn't sell this puppy until BO...then proceeds go to NWBO unless you have idle cash.
GERN $4.90 Nicee!
Let's ride the wave's guy's 🤣
You won't be hearing from Missy (except for when there's a slight pull back). Her boss's have probably had her move on to the next assignment, 🤣. That's why I follow these girls!
Cudo's to you. With the stats they were showing over the last few years, we could see why they were bashing so hard. Best of luck going forward 😃
Says the person who doesn’t know “your” from “you’re”.
I've been a shareholder of GERON for about 7 years, waiting like a lot of you for a payday, it seems to me any company that has a cancer medicine that gets FDA approval has to do well !
I am extremely happy I held on all these years !!
GLTA !!!
Ya think they might be pinning it, huh.
Maybe the price will move forward after the June 21st options expirations.
“ I know thy works, and charity, and service, and faith, and thy patience, and thy works …. Revelation 2:19
Iam always praying for patience !, startups take time to develop !!
Well, it held ground, anyway.
I'm still in. Monday or Tuesday could see liftoff as traders move on to, "the next one!"
I would gave thought yours a reasonable guess, attila.
Missy, unfortunately I only ended up with $17k on my 23,500 (including the 800 shares I bought on Thursday), lol. Let me show you who the stupid one is. With nothing but upside 🤣. You won't make this in a year bashing for your company, moron 🤣. Watch as it keeps going up next week. You can respond but i won't give you the time of day anymore. By the way, how has the sex change been working out for you, Missy 😂
Total Value
As of 06/07/2024 04:00 PM ET
$108,094.50
Market Price
As of 06/07/2024 04:00 PM ET
$4.59 - + 0.70
Held Since
07/22/2018
Quantity
23,550
Unrealized Gain/(Loss)
As of 06/07/2024 04:00 PM ET
Short Term 23,039.92
Long Term 33,475.26
108.54% increase
Hi Sally! …. No your not rid of me . Your too stupid and too fun to stop smacking around . It goes up 65 cents on drug approval haha. Did you even make 5,000. Dollars today ? I doubt it . Most companies will go up hundreds of dollars on approval this does not even go up 1 dollar . Oh yes you keep thinking your in the drivers seat .
Today was a surprisingly poor day
Massive volume but can’t get out of 4.60’s. Shorts working very hard here.
Shocked this only in the 4.60’s.
Shorts WILL cover before the end of the day.
I guess we won't be seeing MISSY anymore🤣🤣. That's why I love to follow these bashes. It's like money in the bank 9 out of 10 times. If they bash and have no skin that's a big red flag. Just excited I kept averaging down while he continued his job. 22.5k @ $2.20. This one will rise high and not selling till BO. Congratulations to all who knew better and stayed.
$GERN Shorts WILL cover before the end of the day. They will not want to be exposed as this hits the news cycle over the weekend.
Filled 1 position @5
If it falls, I’ll buy it back for less
If it flies, I have 3 larger positions
Impressive volume in the early going
Added 50% more at $4.50.
$4.666 avg now.
Heavy
Let's see...
I would expect a lot of churning until about 9:45 and then see a rise afterwards...
Close around $5.50??
GERN Just in @ $4.75.
Pretty heavy.
Heaven help me!
Pre market could be very interesting
It looks like they waited to PR until after extended trading ended.
Should be wild ride!
Congrats to all longs!!
Yep they got approval an hour ago….tomorrow better be interesting
Dont t worry it will be back to 2.54 and lower befor you know it
Bought at $2.54. Chump change.
Look like the CEO exercised and then sold 600,000 shares..all under a 10b5-1...
Rule 10b5-1 allows company insiders to set up a predetermined plan to sell company stocks in accordance with insider trading laws.
The price, amount, and sales dates must be specified in advance and determined by a formula or metrics.
Both the seller and the broker making the sales must not have access to any material nonpublic information (MNPI).
So either he anticipated a FDA decision sooner or he hedged not knowing what the decision would be...
Interestingly, the Advisory committee ruled on March 14th and this plan was placed on February 20th. My guess he was hedging on a negative vote from the Advisory committee.
Probably a good buy opportunity after the morning flush...Perhaps another down draft to 3.80's before we head back to over $4.
Not long of a wait now...
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