NorthWest Biotherapeutics Inc (NWBO)

[gnawkz]

I've been burned before also on options, but I've also made a tremendous amount from it.

For NWBO, my original options position expired worthless in Oct 2014. I lost there with small bet that some of these catalysts with no firm dates could potentially play out. Was wrong, oh well :-/.

Right now I am holding the $10 Strike for Jan 20 2017. Bigger than the October options that expired worthless, but larger due to the added time. A majority of my holdings are in shares.

My ideal situation is to convert those options into shares when Jan 20, 2017 rolls around.

I think it is worthwhile to keep learning and trying the options game. It is very rewarding once you become better versed. How much money you are risking for the potential gain? What is a realistic probability for the PPS to double/triple/quadruple? How much time does it take for a price to move? etc.