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Looks like insiders are using gifted shares and cashing for compensation. This dilutes the value for all shareholds and I have not seen other companies doing this. Is it legal?
Form 144 - Report of proposed sale of securities
September 26 2023 - 09:52AM
Edgar (US Regulatory)
Alert
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3968 01/09/2023 Compensation[color=red][/color]
* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.
Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.
144: Securities Sold During The Past 3 Months
Name and Address of Seller Title of Securities Sold Date of Sale Amount of Securities Sold Gross Proceeds
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 06/26/2023 3968 6705.92
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 06/27/2023 3968 6269.44
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 06/28/2023 3968 6348.80
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 06/29/2023 3968 7340.80
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 06/30/2023 3968 7301.12
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 07/03/2023 3968 7499.52
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 07/05/2023 3968 7023.36
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 07/06/2023 3968 7102.72
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 07/07/2023 3968 6824.96
Austin Che
27 Drydock Avenue, 8th Floor
Boston ? MA ? 02210 Class A 07/10/2023 3968 6944.00
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 07/11/2023 3968 8094.72
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 07/12/2023 3968 8610.56
Austin Che
27 Drydock Avenue, 8th Floor
Boston ? MA ? 02210 Class A 07/13/2023 3968 8729.60
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 07/14/2023 3968 8610.56
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 07/17/2023 3968 8094.72
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 07/18/2023 3968 8729.60
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 07/19/2023 3968 9721.60
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 07/20/2023 3968 9721.60
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 07/21/2023 3968 9324.80
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 07/24/2023 3968 9364.48
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 07/25/2023 3968 9086.72
Austin Che
27 Drydock Avenue, 8th Floor
Boston ? MA ? 02210 Class A 07/26/2023 3968 9126.40
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 07/27/2023 3968 9920.00
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 07/28/2023 3968 9205.76
Austin Che
27 Drydock Avenue 8th Floor
Boston ? MA ? 02210 Class A 07/31/2023 3968 9681.92
Austin Che
27 Drydock Avenue 8th Floor
Boston ? MA ? 02210 Class A 08/01/2023 3968 9602.56
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 08/02/2023 3968 8928.00
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 08/03/2023 3968 8213.76
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 08/04/2023 3968 8055.04
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 08/07/2023 3968 8570.88
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 08/08/2023 3968 7896.32
Austin Che
27 Drydock Avenue, 8th Floor
Boston ? MA ? 02210 Class A 08/09/2023 3968 8213.76
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 08/10/2023 3968 7578.88
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 08/11/2023 3968 6944.00
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 08/14/2023 3968 7221.76
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 08/15/2023 3968 7023.36
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 08/16/2023 3968 7023.36
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 08/17/2023 3968 6507.52
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 08/18/2023 3968 6229.76
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 08/21/2023 3968 6467.84
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 08/22/2023 3968 6904.32
Austin Che
27 Drydock Avenue, 8th Floor
Boston ? MA ? 02210 Class A 08/23/2023 3968 6626.56
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 08/24/2023 3968 7182.08
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 08/25/2023 3968 6626.56
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 08/28/2023 3968 6983.68
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 08/29/2023 3968 7737.60
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 08/30/2023 3968 8808.96
Austin Che
27 Drydock Avenue 8th Floor
Boston ? MA ? 02210 Class A 08/31/2023 3968 9007.36
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 09/01/2023 3968 9364.48
Austin Che
27 Drydock Avenue, 8th Floor
Boston ? MA ? 02210 Class A 09/05/2023 3968 8848.64
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 09/06/2023 3968 8808.96
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 09/07/2023 3968 8650.24
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 09/08/2023 3968 8332.80
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 09/11/2023 3968 8253.44
Austin Che
27 Drydock Avenue, 8th Floor
Boston ? MA ? 02210 Class A 09/12/2023 3968 8293.12
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 09/13/2023 3968 8134.40
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 09/14/2023 3968 8055.04
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 09/15/2023 3968 7697.92
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 09/18/2023 3968 7459.84
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 09/19/2023 3968 7221.76
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 09/20/2023 3968 7301.12
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 09/21/2023 3968 7063.04
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 09/22/2023 3968 7023.36
Austin Che
27 Drydock Avenue
8th Floor
Boston ? MA ? 02210 Class A 09/25/2023 3968 6983
Lodas, that SQQQ STO PUT jan 2025 might be good bet, but I do not like going out that far. I do feel we are getting set for market correction, which would play in for that hedge bet on SQQQ.
IMO, many feel you have gone too far in tiring to convince all old preferred and WAMU Q holders that there will be No flow of $$$ coming. Not sure why you have to repeat that daily as it is getting old and you just piss off many that believe old escrow does have assets that will be returned to those that have waited. I think even you stated you had 195K of old WAMUQ, which you would be happy to see a return on.
I am a large holder of ALL P, K, Q's and feel there will be a return before end of year from retained earning plus other sources. You should understand they did everything to hid and cover up but I and others have seen too many documents that prove the assets are there and coming back. NO - I will not take the time to pull those documents up as all should do their own DD.
I also believe in what AZ has repeated as I have spoken with him in depth about this. YES THE ASSETS ARE THERE AND ALL "P" 'K" "Q" HOLDERS WILL GET SOME $$$$. As for AZ's XXXX stock I see two possibilities but will not state and I do see why the manager estate trustees have worked so hard to hid this. Our 15 year anniversary's is coming up next week and feel FDIC will complete the receivership soon and then magically our money will flow AND EVEN YOU WILL BE HAPPY. SO - IMO TONE DOWN YOUR NO ASSETS SPEACH ON A DAILY BASIS. Just think what you could do with all your spare time, go for a walk, sell more options but just stop pissing everyone off!
lodas, I looked at those daily ETF options and feel they are too much risk. I use a very conservative approach by only doing the STO PUTS when stock pps is in bottom of Bollinger band with strike price close or below support area. I only STO Covered Calls when pps is on top of Bollinger band with strike price close or above resistance area. I do have many open order in at prices that I would be happy with for some fast moving stocks, but monitor and adjust daily. If one is patient you can make big $$$!
I also keep a shorter time working 1-3 months depending on possible earning or dividend events. I have been making good premiums on some 10% or above dividend stocks using strike date just before X-dividend date tying to get assigned and collecting nice premium to lower cost and collect dividend then turn around and STO Covered Call in resistance area to maximize my total return.
Lodas, & b3, I just STO the Oct. 20th $52.50 PUT collected $1.50 30 contracts. I expect COOP will be above $52.50 the week before good expected earning and will keep 100% of that premium$
b3, just my thoughts re: COOP Oct.20th $55 call options.
COOP should report 3rd quarter earnings around Oct. 25th they are expected to be strong. What I have noticed as the big boys attempt to take COOP down the month before earning report and I expect the pps will go back up to high $58-62 around earning report. The premium is high as the demand is high. I only STO a covered Call when the pps is close or at resistant area and only STO a PUT when pps is at support area. Unless you are happy selling COOP at $57 area I would wait as IMO it should go higher. You may look to place a STO Nov. $60 CALL when pps moves back up close to earning but JMO.
AZ, to clarify for those of us that do not own WMB Notes, but ONLY WAMUQ, AND "K" & "P" and signed our releases on those shares held in accounts such as E*TRADE, Fidelity DO NOT NEED TO CONACT ROSEN OR LT trustee as they should already have our information on file at DTC?
If one looks at the many pages of insider selling I am surprised DNA is not lower. It looks to me that they may be done selling and DNA should start going up.
Insiders - why all the selling? = https://www.etrade.wallst.com/v1/stocks/ownership/insiders.asp?symbol=DNA
After reading the current Second quarter I see great concern of this company moving forward.
- 2nd quarter earnings down from previous quarter earnings.
- The company has too many pending litigations, which are very costly.
- There is a lack of guaranteed funding going forward.
- The general and administration expenses are way too high for the very little Revenue from sales as stated revenue from sales = $7,828 but general and administration expenses = $23,626
Total revenue $8,183 but total operating expenses = $35,882 IMO if this is not changed there is only one way the pps will move and it is not up.
- It seems Naked short sellers have control on direction this company will go and current managers seem inept in handling their very high expenses.
- As they correctly stated IDEX is = A GOING CONCURN COMPANY.
- The salary of A. Poor alone is more than their Gross profits. Poor has set the company up as a personal piggybank for insiders and only they will benefit in bankruptcy which seem the direction Poor is taking IDEX
- Note: I have been long supporting IDEX and now not happy with this 1:125 R/S
- IMO, Management should be ashamed at their performance.
Did you cover your short yet? My STO $20 PUT which I collected $2.00 looks great and making nice $$
IDEX should trade close to $5.00 on Aug 25th after 1:125 R/S
The stock shares authorized should move from 1.5 billion to 12 million
IDEX will have new cusip # of 45166v205 so what happens to those that have Naked short positions?
I found this about naked short during R/S
Where Naked Shorts Go to Die
DiIorio also spotted a significant, seemingly toxic byproduct of this sort of activity.
graph1-Graphic: The Intercept.Reverse mergers and reverse splits typically result in a change in the CUSIP, the nine-digit identification symbol assigned to a public stock.
Once that CUSIP changes, the naked shorter has no apparent way to close out the naked short position. No stock under the old CUSIP number exists anymore; it all automatically converts to the new CUSIP.
Those trades can sit in the Obligation Warehouse forever, in theory. But the “aged fails” — essentially orphaned naked short transactions — remain on the naked shorter’s balance sheet as a liability to be paid later.
By DiIorio’s reckoning, then, the cycle of naked shorting and reverse splits would inevitably result in an ever-increasing number of aged fails. And if that was happening, and those liabilities grew bigger and bigger, then federal regulators could see the outlines of the scheme on any financial statement.
DiIorio believed Knight accounted for its aged fails in the “sold not yet purchased” liability on its balance sheet. That’s supposed to be an inventory of stocks for use in future market making, which goes up and down as orders are filled. But DiIorio says it was a hiding place for a billowing structural liability.
And consider this: According to its own financial reports, Knight’s “sold not yet purchased” liability jumped from $385 million at the beginning of 2008 to $1.9 billion by mid-2011.
Jim Angel, the business professor, said there could be other explanations — such as Knight’s growth as a company during that period — for why the “sold not yet purchased” liability ballooned. But, he said, market makers are typically “in the moving, not storing, business, and like to keep their inventories as small as possible.”
DiIorio had no such doubts. He saw the fact that Knight was blowing a hole in its own balance sheet as undeniable evidence of the naked shorting play.
KCG spokesperson Sophie Sohn was asked specifically about that claim and declined to comment.
If DiIorio was correct, Knight was driving penny stocks down over and over again with naked shorting, then not actually closing the trades, and racking up enormous paper liabilities.
This was even more complicated than he thought. It was time to call the cops.
1:125 RS good or bad my take?
IDEX will have 1:125 R/S on Friday Aug 25 so if PPS is at .04 on Friday it should trade 125 times that so about $5.00 ps
Is this good or bad long term? IMO this will be good as it is needed to be SEC compliant. It is optionable so should increase volume accordingly. WHAT I FIND INTERESTING IS THEY ARE ALSO CHANGING THE CUSIP # FROM 98741R108 TO THE NEW CUSIP OF 45166V205 - Now I am not sure but this could be used to make all naked shorts buy to close their positions to get value in new stock - if anyone understands this better please post any info on this
Ideanomics Announces Reverse Stock Split
NEW YORK, Aug. 23, 2023 /PRNewswire/ -- Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company"), announced today that its Board of Directors has approved a reverse stock split of its common stock, par value $0.001 per share (the "Common Stock") at a ratio of 1-for-125 (the "Reverse Stock Split"). The Reverse Stock Split is expected to become effective on August 25, 2023 (the "Effective Date"), and the shares are expected to begin trading on the split-adjusted basis on the Nasdaq under the Company's existing trading symbol "IDEX" at market open on August 25, 2023, upon Nasdaq's approval. The new CUSIP number following the Reverse Stock Split will be 45166V205.
In Oct when IEP is above $19.60 when I wrote those PUT option we can talk again to see who picked the wrong side! IMO - IEP will be much above that pps
IEP reported Aug 18th record date for next $1.00 dividend. This is one reason the pps has come down. Next dividend date should be around Nov. 17th so I just STO the Oct. 20th $20 PUT and collected $2.00 today so if IEP is above $20 on that expiration date which I think it will I keep all of that $2.00 premium. If IEP is below $20 I will get assigned but my cost will be $18 and then I collect another $1.00 dividend in Nov.. IMO I feel IEP is at bottom and should go up.
Hi Lodas, it's good you still play the options as I do on a daily basis but do not post as too many give negative feed back possibly out of jealousy as they do not understand how one can truly make great $$$ with Option. I have been averaging over 25K plus per month, which is nice retirement $$ I just had many STO CALLS on COOP and collected nice perineum, but finding COOP is not volatile, and now making more in stocks with high dividends like OMF, IEP, AGNC, EC I normally write a STO PUT around 2 mouths out but make note of the X dividend dates and pick one that has expiration date at least a few days before the dividend record date. (Note: most of these pay over a 10% dividend) If I get assigned which is my goal I then do a long STO Covered Call to get another free dividend $$$$
Additional note for option players - I usually only write a STO PUT when the stock is trading close to support or put my strike price at support area AND do the STO Covered Calls at or above the resistance area as for COOP that area of resistance is close to $60.
After reading quarter earning - they posted better then last. IMO most the downside has been shed and I am hedging GRWG with STO-PUTS a optimistic play. I feel we are close to the lows and better performance will come to reward any that buy GRWG now at $2.90 for long term.
Reading through the SEC Filing which IDEX just filed - THIS MANAGEMENT TEAM MAKES WAY TOO MUCH $$$ BASED ON STOCK PORFORMANCE. THEY HAVE IDEX SET UP TO BE THIER PERSONAL PIGGY BANK. POOR AND TEAM SUCKS!
Hi AZ, this HPC Insurance Agency, LLC, a Michigan limited liability company and a subsidiary guarantor of the Home Point Capital not COOP. From my read COOP purchased Home Point which had this sub of HPC Insurance agency which NOW COOP owns as a sub as of Aug. 1st.
https://www.sec.gov/ix?doc=/Archives/edgar/data/933136/000119312523199999/d535402d8k.htm
Nationstar Supplemental Indentures
On August 1, 2023, in connection with the Merger, HPC Insurance Agency, LLC, a Michigan limited liability company and a subsidiary guarantor of the Home Point Capital Notes (“HPC Insurance Agency”), entered into (i) the First Supplemental Indenture, dated as of August 1, 2023
Would like to know who this (XXXX) parent company is? I have some guess but would not want to post as too many will write negative comments about.
From the earnings transcribe My question to anyone is could this Trust collapse he talks about coming from the Liquidation Trust?? or (REIT's) that many feel most went to the DTC waiting for distribution.
Chris Marshall -- Vice Chairman and President
Stated in part about a Trust:
. Based on these results, as well as the pending acquisitions we've announced, we're raising our full year of guidance for operating income by 17% from 600 million to 700 million.
And this doesn't include one-time gains from a trust collapse we're working on, which we expect to close in the second half, and which will contribute an additional $50 million or more. Now, this healthy contribution is exactly what you should expect from our balanced business model, as low CPR means limited activity for originations, but much stronger servicing earnings. And while many firms talk about having balance, you can see that our overall results are considerably more stable and consistent than our peers. However, while cyclical trends are favorable right now, the real story in servicing is our relentless focus on perfecting our platform, which is honestly like a religion for us.
lodas, hope all is well. I have also been lurking but also doing some heavy trading and making great $$ Not all with COOP but just STO Aug. 19 $55.00 covered calls (70 contracts) and collecting $1.00 upside premium.
I expect strong earnings but as the pps of COOP has done after past earning . move back down. Like others here I do expect a payment to escrow holders - soon at least before end of year.
Good luck to all this is our Maga million lottery ticket!
today is when OMF pays $1.00 p/s dividend - has anyone received theirs? Will it get paid after hour?
Home Point looks like good acquisition for COOP - they pay a 8.3% dividend and has been profitable.
Does any know what they are paying ps they are at 1.91 now
https://finviz.com/quote.ashx?t=HMPT&ty=c&ta=1&p=d
IDEX management has a poor records on being SEC complaint: A POOR may not be the best CEO to steer this company. IMO
Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
https://ih.advfn.com/stock-market/NASDAQ/ideanomics-IDEX/stock-news/91022457/notification-that-quarterly-report-will-be-submitt
This is why the volume was high last few days. Most likely insiders were selling. Yes, A Poor is a Poor CEO!
https://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=317419812&type=HTML&cdn=749c7233f661b4a96dae8e8db2ed4fce&formType=8-K&dateFiled=2023-04-21&cik=0000837852&symbol=0000837852&companyName=Ideanomics%2C+Inc.
Muddy2, You did get nice buy at $32 and with the nice Div. over 10%!!!!
I have also been accumulating for long term Div and but also use Option covered call to add to that nice Div. - the earning coming on April 25th will tell us more on the future?
CWG- COOP does not have weekly options - which makes it less volatile. So Monthly options always expire on 3rd Friday of month so April 21st is next expiration date. Right now the max pain is calculated at $42.50. A note: COOP usually has a run up into earnings which is April 26th. I expect the same and have written STO many $47.50 covered Calls and have lots of STO $35-40 PUTS for April 21st that I expect will all expirer 100% in the money to me.
Also note this Max pain is calculated daily based on open interest in both CALL and PUTS so it is just good guess at where COOP could close on expiration date and many other factors can change that.
I do have many orders both on STO Covered Calls $40-47.50 ready for run up and lot of STO PUTS $40 and below for after earning take down. I am long term bullish but consistently make money any way COOP moves. One should also review charts to see where the support and resistance is to help place strike prices.
https://maximum-pain.com/options/coop
AZCowboy if one reads this SEC filing = Dated as of February 12,2018
https://www.sec.gov/Archives/edgar/data/933136/000119312518045989/d539539dex21.htm
As stated = AGREEMENT AND PLAN OF MERGER (this “Agreement”), dated as of February 12, 2018, among NATIONSTAR MORTGAGE HOLDINGS INC., a Delaware corporation (the “Company”), WMIH CORP., a Delaware corporation (“Parent”) and WAND MERGER CORPORATION, a Delaware corporation and a wholly owned subsidiary of Parent (“Merger Sub”). Parent, the Company and Merger Sub are referred to individually as a “Party” and collectively as “Parties”.
By definitions:
WMIH CORP., a Delaware corporation (“Parent” note: On July 31, 2018, WMIH Corp (WMIHC) went Private, after transferring the registration to newly created WMIH.
"EXPLANATORY NOTE
On July 31, 2018, WMIH Corp. (“WMIH” or the “Registrant”) [color=red][/color]and Nationstar Mortgage Holdings Inc., a Delaware corporation (“Nationstar”), consummated the merger (the “merger”) of Wand Merger Corporation, a Delaware corporation and wholly owned subsidiary of WMIH (“Merger Sub”), with and into Nationstar, with Nationstar surviving the merger as provided by the Agreement and Plan of Merger dated as of February 12, 2018 by and among WMIH, Merger Sub and Nationstar.
NATIONSTAR MORTGAGE HOLDINGS INC., a Delaware corporation (the “Company”),
WAND MERGER CORPORATION, a Delaware corporation and a wholly owned subsidiary of Parent (“Merger Sub”)
XXXX= WMIH
more info here: https://finpedia.co/bin/WMIH%20Corporation/
High June PUT Option interest. I have notice a high PUT Option interest in both May and June at the $35 & 32.50 strike price.
Open Interest = A high open interest indicates that a large number of traders have taken active positions in a derivatives contract. If open interest increases over time, that means that new traders are entering positions, and money is likely entering the market.
If one STO sells to open a $35.00 PUT that trader believes the stock will close above that strike price and if one BTO - Buys then that trader believe the pps will close below that strike price. I am not the Option Pro but my take is I see unusual amount of PUT interest for June 16th PUT contracts.
To create Open interest you need 1 trader to STO and 1 trader to BTO which creates a derivative contract.
For what its worth I do have many April, May STO PUTS at $35 & 32.50 as the premium one can collect is NICE$
Lodas, what is your take on the June PUT open interest as the June 35 is 21,692 which controls over 2 million shares?
GO4AWILDRIDE, this is some of my Option notes I follow that may help explain making money in options better. As with any investment there is risk so timing is very important.
Option basics: You can
BUY TO OPEN (BTO) – you pay to open and is a Debit.
SELL TO OPEN (STO) (My favorite money maker both Covered Calls and naked PUTS) – you receive credit into your act. This is the money maker as you ether (STO a PUT) – my favorite or a Covered Call on stock you own. You receive a Credit into your account and use the Time Decay to ether buy to close it back at expiration date or before.
Some Technical chart knowledge helps as you need to see Support and resistance areas. I STO a PUT when pps is close to low Support zone and STO a Covered Call when pps is high up close to Resistance area.
SELL TO CLOSE (STC) – you sell ( receive credit) to close an open position
BUY TO CLOSE (BTC) – you buy (debit) to close open position.
IN ADDITION, YOU CAN LET YOUR OPEN OPTION EXPIRE ON THE EXPERATION DATE IF YOU ARE IN THE MONEY AT THE TIME OR YOU WISH TO HAVE YOUR OPTION ASSIGNED OR STOCK CALLED OR SOLD FROM YOUR POSITION.
Option Expiration date: Is always the 3rd Friday of each month, which could be next month or years away – the more time to expiration date would demand the most premium. Unless your stock does weeklies which I love as you can play them every week - weekly expiration dates which make stock more volatile and better for options players.
VERY IMPORTANT: To be a better stock trader You must understand the time value of option premium as option traders receive or pay the most if you have more time before expiration date, which could be many months or years out. You must also understand the big players like Hedge funds make more money with options and they manipulate the pps of stock to maximize their premium. Even if you are not an Option player you must understand why the pps of you stock moves up and down depending on the time value of the option expiration date.
WHY WOULD YOU WANT TO?
BUY to open CALL OPTION – you feel the underlying instrument (in this case stocks) will move above the strike price at any time up to expiration.
STO - SELL A CALL OPTION or called (covered Call) you first own the stock, and you would want the pps to close below strike price on expiration date. I do this often to generate cash flow and watch the option premium and time as expiration date gets closer to buy to close my position or if I feel comfortable the pps will close below I let it expire and collect 100% of my premium.
- To SELL TO OPEN PUT OPTION – My favorite - you believe the pps of the stock is currently to low and feel the pps of stock will move up rapidly or close above the Strike price on expiration date. You collect the premium at time of sell but the negative with selling put option is you must have the cash reserves in your account to buy stock if it is assigned. Note: If you want to buy a stock you could first write a sell to open put, which is called a naked PUT and use the collected premium you received to lower your cost IF you get the stock assigned. To make the most premium you sell to open put when the pps moves down rapidly along with the time value. I like letting the big hedge funds manipulate the pps monthly to maximize my own portfolio of stocks. b]You must have cash or margin reserves in your account if you get assigned or forced to buy at your strike price. I ONLY open a STO PUT if I feel the pps will be higher than strike price at expiration or I want to buy the stock and us a PUT option to buy at lower pps.
-BUY TO CLOSE PUT OPTION – if you had a sell to open put option you could buy it back to close your position.
Option buyers and sellers want stocks with high implied volatility.
High and Low Volatility trading:
High Volatility = you want to be Option Seller
Low Volatility = you can be Option Buyer, but Option Sellers have highest % of profit because of Time decay works against buyers
lodas, that is a nice premium. I have a ton of PUT options for both April & May that I wrote within the last week. Now need to wait as running out of buying powder.
COOP should report 1st quarter around April 26 and I expect a nice run up again followed by another take down. So I will also line up lots of covered calls that week.
I have also been STO PUTS on OMF which has been hit being in financial industry. OMF is on a lot of buy list as it is under valued and pays 11% quarterly div of $1.00 per share. My plan is to hold the stock for Dividend but also STO CALLS for extra profit above the resistance area.
Zacks Equity Research BUY rating on COOP
https://finance.yahoo.com/news/value-investors-buy-mr-cooper-134001659.html
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company value investors might notice is Mr. Cooper Group (COOP). COOP is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A.
We should also highlight that COOP has a P/B ratio of 0.67. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 0.69. Over the past year, COOP's P/B has been as high as 1.08 and as low as 0.65, with a median of 0.77.
Finally, our model also underscores that COOP has a P/CF ratio of 2.87. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 3. COOP's P/CF has been as high as 3.57 and as low as 1.75, with a median of 2.53, all within the past year.
These are only a few of the key metrics included in Mr. Cooper Group's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, COOP looks like an impressive value stock at the moment.
nhtrader, do you still have those P, K and old escrow shares listed in your account?
Mine were all removed on 2/12/2022 with note removed as worthless. They were listed on 1099 as liquidation
Is anyone else not happy with management?
- keep delaying their earning reports
- Not SEC compliant
- Now a insider promissory note at 20% $$
- I can see why insiders do not buy IDEX as management appears to drive it into Bankruptcy – Why did Poor agree to 20% interest did he have a gun to his head?
) issued a promissory note (the “Note”) to Tillou Management and Consulting LLC, a New Jersey limited liability company (the “Noteholder” or “Tillou”), an entity controlled by Vince McMahon, the father of our Executive Chairman Shane McMahon, in the principal amount of $2,000,000 (the “Loan”). The Company agreed to pay the aggregate unpaid principal amount of the Loan, all accrued and unpaid interest, and all other amounts payable under the Note on demand any time after April 20, 2023. The principal amount outstanding under the Note bears interest at a rate of 20% per annum (the “Interest Rate”).
Insider Roster
Individual or Entity Most Recent Transaction Date Shares Owned as of Transaction Date
DONSBACH KURT W
Affiliated Person
Purchase
Feb 19, 2004
2,100,000
DONSBACH MARILYN
Affiliated Person
Purchase
Feb 19, 2004
2,100,000
MCMAHON SHANE B - Shane has sold his shares can see why - now you have structured a 20% loan which is conflict of interest!
Officer and Director
Sale
Sep 23, 2021
7,916,210
PAULSEN LOUIS J
President
Purchase
Feb 19, 2004
900,000
POOR ALFRED
Chief Executive Officer
Purchase
Oct 20, 2022
1,889,120
WONG ARTHUR LAP TAT
Director
Purchase
Jun 11, 2015
7,298
DD-214, I understand this promissory note is within the family of Chairman but my point is it should be a Hugh conflict of interest to give out such a high interest - like a pay day loan shark of 20% to the family of insider. The SEC should review this insider loan agreement! It is terrible for us shareholders.
It’s the father of IDEX Exec Chairman that leant the dough.. The McMahon family is worth over $4 Billion..
Ntrader, yes I did receive from E*TRADE a 1099-B that listed both my "P" & "K" shares removed as worthless. Do what you wish for taxes but I wrote off those as NOL, which I needed with all my Option profits.
new 8K - looks to me that management is tiring to Bankrupt this company with poor management agreements:
Item 1.01 Entry into a Material Definitive Agreement.
Promissory Note
Effective on March 19, 2023 (the “Effective Date”), Ideanomics, Inc. (the “Company”) issued a promissory note (the “Note”) to Tillou Management and Consulting LLC, a New Jersey limited liability company (the “Noteholder” or “Tillou”), an entity controlled by Vince McMahon, the father of our Executive Chairman Shane McMahon, in the principal amount of $2,000,000 (the “Loan”). The Company agreed to pay the aggregate unpaid principal amount of the Loan, all accrued and unpaid interest, and all other amounts payable under the Note on demand any time after April 20, 2023. The principal amount outstanding under the Note bears interest at a rate of 20% per annum (the “Interest Rate”).
Exostatic, on my Etrade 1099 it was noted that they removed my escrow shares P K & WMI esc around 2/12/2022 as worthless. They did not have my cost basis so I edit that and made a copy of the transaction dated 2/12/22
Yes I wrote off 100% of my cost.
Lodas with that CS/UBS exchange =
Lodas, how would that buy work out for the $1. And $1.50 STO PUTs?
Lodas, I have been playing OMF and STO April $32.50 PUT collected $2.00 it is now trading at 35.50 and pays 10% div. It is a fun time for many STO PUTS
lodas, I notice there is not much of a change in PUT premium difference between April 21 and out 6 month on CS I did a STO April 21 $1.50 order in for .31