Friday, June 28, 2019 8:34:57 PM
Today was the last day of trading for the month and quarter...I think next week will provide a better indication of where VUZI is heading at least in the near term.
As for the new patent application, it looks to me like they're already planning to replace the Blades with something better. Based on results so far and the lack of news with any signficant volumes for the Blade it looks to me like another flop. Results for the 2nd quarter should be out around August 8th, at that point we'll see if they've made any progress on reducing their quarterly losses....if losses come in at the usual $5 to $6 million or higher....ugh.
And with respect to being long....I still own Call Option contracts, which represent a bullish bet on the PPS, but I don't own any actual shares. Options are something that not everyone understands, they're a derivative vehicle...a futures contract.
Each contract equals 100 shares. The points to note are the price and the date they expire. My contracts are priced at $5 and expire on July 19th. The last price they traded at today was $.15 cents per share...because each contract = 100 shares that means each 100 share contract costs $15 at that $0.15 per share cost.
1 contract = 100 shares, 10 contracts = 1,000 shares, 100 contracts = 10,000 shares and so on.
I own more than one contract but its easier to explain if I deal just with one. The buyer of 1 call option contract has purchased the right to buy 100 shares of Vuzix at a cost of $5 per share. The seller of the call option is obligated to sell 100 shares to the holder of the Call Option contract at $5 per share if the option is exercised.
With VUZI trading for about $4.10 there's no point in exercising the option....why pay $500 for 100 shares when you can buy those same 100 shares on the open market around $410.
However if VUZI starts climbing next week and gets over that $5 strike price, then the Call Options do become valuable. If VUZI were to hit $6 next week, then I could exercise my option and the person who sold me the contract would be obligated to sell me 100 shares for $5 each, $500 in total....and I could then turn around and sell the shares for $600. Or I could opt to simply sell the Call Option to someone else, and it would be trading at $1+ per share for the 100 share contract....
If July 19th comes and the PPS is still under $5 though, then the options become worthless and the seller of the options who got 15 cents per share or $15 per contract...he/she keeps the money.
Clear as mud?
If you want to taste the fruit, you have to go out on a limb. But if you wait for the herd to move out on the limb....the branch tends to snap.
Recent VUZI News
- Significant Productivity Improvements Achieved for Client Using Vuzix Smart Glasses • PR Newswire (US) • 04/24/2024 12:30:00 PM
- Global Retailer Expands Its Use of Vuzix Smart Glasses to Support Its Warehousing Operations • PR Newswire (US) • 04/23/2024 04:45:00 PM
- Vuzix Wholly Owned Subsidiary Moviynt Partners with NetLogistik to Offer Mobility Solutions for the Warehouse • PR Newswire (US) • 04/16/2024 12:15:00 PM
- Vuzix Reports 4Q and Full Year 2023 Results • PR Newswire (Canada) • 04/15/2024 08:15:00 PM
- Vuzix Reports 4Q and Full Year 2023 Results • PR Newswire (US) • 04/15/2024 08:15:00 PM
- U.S. Index Futures Surge after Dow Jones’ Worst Week, Oil Prices Dip • IH Market News • 04/15/2024 11:08:21 AM
- Vuzix Schedules Conference Call to Discuss Fourth Quarter and Full Year 2023 Financial Results and Business Update • PR Newswire (US) • 04/09/2024 01:15:00 PM
- Vuzix Commences Online Sales of Its MicroLED Binocular Waveguide Smart Safety Glasses • PR Newswire (US) • 04/08/2024 12:45:00 PM
- Vuzix Receives New Additional Orders from Two Aerospace Defense Firms to Further Develop Their Waveguide-based Display Solutions • PR Newswire (US) • 04/04/2024 12:00:00 PM
- Vuzix Enters into Reseller Agreement with UK-based Purview Services and Ships Their Initial High 6-Figure Smart Glasses Order • PR Newswire (US) • 04/02/2024 12:00:00 PM
- US Stock Futures Stable in Pre-Market On Path for Consecutive Quarterly Gains, Oil Prices Rise • IH Market News • 03/28/2024 11:42:00 AM
- Vuzix to Delay Filing of Its 10-K Annual Report and Postpone Related Investor Conference Call • PR Newswire (US) • 03/27/2024 09:30:00 PM
- Vuzix Schedules Conference Call to Discuss Fourth Quarter and Full Year 2023 Financial Results and Business Update • PR Newswire (US) • 03/11/2024 01:15:00 PM
- 2024 State of the Industry Brief on Warehouse Picking Supports a Strong Future Demand for Augmented Workforce • PR Newswire (US) • 03/07/2024 02:00:00 PM
- Vuzix Wholly Owned Subsidiary Moviynt to Showcase Breakthrough AI and Machine Learning Powered AR Smart Glasses Technology at Modex 2024 • PR Newswire (US) • 03/06/2024 02:00:00 PM
- Vuzix To Showcase Cutting-Edge AR Smart Glasses Technology at Mobile World Congress Barcelona 2024 • PR Newswire (US) • 02/23/2024 02:00:00 PM
- Form S-3 - Registration statement under Securities Act of 1933 • Edgar (US Regulatory) • 02/09/2024 10:26:06 PM
- Vuzix Expands Its Market Leadership in Optical Waveguides with the Addition of Integrated Vision Correction Prescriptions • PR Newswire (US) • 01/30/2024 07:00:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/29/2024 09:00:59 PM
- Vuzix Announces That NTT QONOQ Now Supports the Use of Its NTT XR Real Support Solution on Vuzix M400 Smart Glasses • PR Newswire (US) • 01/29/2024 06:15:00 PM
- Vuzix Establishes Ophthalmic Advisory Board to Better Serve Human Vision Correction Needs with AR Glasses • PR Newswire (US) • 01/29/2024 03:00:00 PM
- Vuzix Announces Significant Cost Cutting Aligned with Tighter Focus on Select Smart Glasses and OEM AR Technologies • PR Newswire (US) • 01/17/2024 02:15:00 PM
- Vuzix Introduces Z100 Smart Glasses to Seamlessly Connect Workers with AI Optimization Tools • PR Newswire (US) • 01/09/2024 05:30:00 PM
- Vuzix to Showcase the Broad Functionality AI Brings to its Industry Leading AR Smart Glasses at CES 2024 • PR Newswire (US) • 01/04/2024 07:30:00 PM
- Vuzix Completes Delivery to a Leading Defense Firm • PR Newswire (US) • 12/06/2023 06:00:00 PM
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