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I need $7+ or 4-
Those two scenarios put me nicely in the money.
GL all and do something nice for you wives/daughters/mothers.
Which makes me really happy with my strangle on CHTP
Looks like Algos having a field day
Options. Strangles at multiple levels. Large position considering my normal PDUFA plays. Expecting a large move in either direction....praying for no delay.
Just like anything else...50/50. The question should be, what are the chances, if approved, that restricted label cripples the action regarding SP
Coiled spring. Positive move shoots, negative news bottom falls out. I look for these high short interests and high IV situation when I trade.
Implied Vol are 450% reflecting a $3 dollar expected move either direction. Obviously this could change quickly, but a good indicator nonetheless.
"Short % of Float (as of Jan 15, 2014)3: 11.90%"
It is 40% today
If any pop at the open you should put in a sniper buy for cheap on more puts.
Where did you pull this from? I typically use Short Analytics and have found it to be fairly accurate with past trades.
Newspaper? My daughter will line the cage in first generation iPads where she reads her digital magazines.
Assuming positive outcome, it's possible. 40% short interest.
http://shortanalytics.com/getshortchart.php?tsymbol=Chtp
I'm a catalyst trader at heart. Generally, with Bio, I follow FDA calendars on companies with upcoming events, then research to see the markets sentiment on expected revenues, approval chances, expected results from trials, etc....
Then, I look at premiums relative to current SP. With DRRX, I was naked calls for 2 weeks until I was presented with an opportunity this week to get the puts cheap as SP rose. I was in the trade at just under .60 total, it just happened to be a straddle being that 2.50 was the lowest strike. I'm not opposed to straddles, however with higher priced stocks it is more difficult to find discounts on premium so I tend to start building the position early and remain patient....also ignore the chatter. It's easy to get excited on a run and buy to expensive. Strangles, I try to get these as close to current SP as possible, but on potential parabolic moves, especially with SP sitting at mid 52 week levels, I may buy further out lotto Strangles to the trade to try for luck. It has paid off with a few trades over the years....SRPT was my largest trade of my life. Point being, I'm patient, I get lowest premiums possible so that on a move I can (ideally) let the other side of the trade go for peanuts relative to the gain on the winning side which just needs to clear strike my premium amounts. Honestly though...I could sell my call side here right now if I wanted to and clear a profit for the entire trade. I may take some today to play with house money depending on today's action.
Multi tiered strangle here. I expect a nice payoff either way. Had a straddle on DRRX at 2.50 today....should pay off nicely tomorrow on the CRL. I'm expecting 80%+ profit. I expect 100%+ here on CHTP. Here's hoping for no delay.
I think they have the mini contracts as well
No clue....I imagine around a dollar on the downside, upside could be $4+
Strangles on CHTP & NWBO.
Small straddle at $2.50 on DRRX for PDUFA today.
I want to buy puts on FURX with the RSI over cooked...watching premiums.
See if I can keep the bio money train going this year
Ditto
Strangle on CHTP & NWBO.
Small straddle at $2.50 on DRRX for PDUFA today.
I see you on bio boards on occasion. You have any skin in DRRX, NWBO or CHTP?
Funny you mention that, I was reading over the weekend that McDonald's employees usually win those
Gold strength will precipitate a safe haven paradigm shift in sentiment towards the digital currency. The writing has been on the wall for a while, and synthetic propping of the USD by international FED bird dogs is either nearing, or currently at exhaustion.
Straddle here. Relatively small position, but this is spec at its best. We shall see
Agreed.
VNDA is rated BUY, based on 3 Wall Street analysts' reports. Analysts have an average $21.33 Target Price on VNDA, implying 78.8% Upside to its current price of $11.93.
Earnings 2/13 before bell
VNDA is rated BUY, based on 3 Wall Street analysts' reports. Analysts have an average $21.33 Target Price on VNDA, implying 78.8% Upside to its current price of $11.93.
Earnings 2/13 before bell
Didn't you out the kibosh on all things Bitcoin a few months ago?
So.....who's holding?
Normally those are MM accounts balancing end of day. Common
I've been following this one for a while and have made money up and down with options. Fairly experienced in the IP space, this one has major potential. Definitely a catalyst driven equity though. Come end of June, early May, I will begin looking to trade again.
I can see what you are getting at, but facts aside, I think the overwhelming issue is their ability to meet the 1.2-1.3 Bil is sales (or whatever the estimate was). That's a tough one IMO. Anyway, headed south to the keys with my daughter for her birthday, so have a great weekend all.
Nothing special yet, still relatively ave volume within the trading range. I could see another down day early next week/Monday. Either way, nice to see it not taking a dump.
FURX
Biotech Stock Mailbag: Furiex, La Jolla Pharma, Sarepta
By: Adam Feuerstein
http://www.thestreet.com/story/12314564/1/biotech-stock-mailbag-furiex-la-jolla-pharma-sarepta.html
Biotech Stock Mailbag: Furiex, La Jolla Pharma, Sarepta
By: Adam Feuerstein
http://www.thestreet.com/story/12314564/1/biotech-stock-mailbag-furiex-la-jolla-pharma-sarepta.html
Patience on this one. You have placed your bets, watching day to day trading will drive you crazy.
I like this one better than VNDA (witch was a gamble for me anyway) because it has not had the long run north VNDA had prior to decision. I think this one sits comfortably to run big north or crash decently south to make it profitable. Grey area is still the delay. Patience
I'm happy with the range bound trading. Keeps everything on par through D day
Yes they are, I trade two accounts for options (different time horizons/goals/beta/length of trade etc....
Tradestation for day trades and short term scalps (no reason other than I've had them for a while...old dog new tricks and all that)
Fidelity for longer term trades, LEAPS, volatility trades, swings and option shorts.
For my core I keep it in Wells Fargo. I get 100 free stock trades a year and it suits my needs for common transactions.
Hope this helps
Also several restricted stock purchases
......unless they delay, which is a very real possibility, at which point I do the sit in front of my computer all day thing, watching price movement and premiums to scrape together a small profit and roll over to "X"date in the future. Hopefully that doesn't happen, I'm loaded on calls and puts here, all very cheap as I accumulated patiently over that last couple of weeks. Problem with large, varied positions like the ones I have created here is you have to be nimble in a scramble situation and sell further strikes in the wrong direction of market movement at the best price possible, keep closer strikes in the wrong direction for reversals from a market overreaction, take profits on the right direction contracts and...you get the point. Hopefully this is not necessary and I can do what you said....post my results on a decision in either direction. GL
I have officially bought more options than I wanted to, or care to admit on a public forum. Different strikes, different months, let's see where this leads.
A lot of Form 4s filed today....all Accumulations, no "D" transactions.