NorthWest Biotherapeutics Inc (NWBO)

[AngeloFoca]

Map- I have been the buyer of a good number of those Leaps. I just cannot understand the willingness of the seller to assume such enormous risk . . . for a maximum 6% return for 19 months? What circumstances would provide such motivation? I could not justify their short play unless they had "certainty", as in 100% certainty. Even then, why play for such small potential return?

Of the 4,523 open interest in the Jan 2017 $5 Calls, I own 605 at an average of $1.90.

A little story, no, not a fairy tale, a true story.

A few years ago, when they first opened up leaps on SPPI, and the stock was beaten down to around $2.50 a share, someone put up 100 $5 leaps (had about 2 years time value) for 10 cents each. It was a long shot, but 2 years could be forever in the life of a biotech, so I gave him the $1,000.00 and bought them, - he readily put up another 100, and I readily gave him another $1,000.00, so I was the happy owner of 200 leaps, he the happy owner of $2,000.00 of my money.

Fast forward almost a year, and SPPI is now trading at around $9.00 and my leaps are going for $4.40 - $88,000.00 for the lot. I sold half at about an average of $4.00 - the other half I got 5 cents each a year or so later.

So, (a little make believe here) assuming my dealings were with the same guy/gal, in the end, he made $1,000.00 on me - good for him - while interim, I made $39,000.00 on him.

If everything goes well, In Jan 2017, these 605 leaps "could" well be up 4,000%, - (NWBO at $76.00)

Like you RRR, I have no idea or understanding of some people mind set.