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Not sure what you mean by 'imbalance'???

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growacet Member Profile
 
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growacet   Friday, 06/28/19 08:34:57 PM
Re: Tradetalker post# 3820
Post # of 3884 
Not sure what you mean by 'imbalance'???

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.
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