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Alias Born | 08/03/2015 |
Tuesday, August 11, 2020 10:34:11 PM
I was lucky enough to close out all of my OTM 8/14 calls before this afternoon's news appeared to drip into the market, though I missed the opportunity to sell calls on my long PLUG holdings and harvest premiums. The stock is likely stuck in a decent range for a bit, which generally dictates a trading window to preferably be selling near dated call options vs buying them.
I will purchase PLUG shares with this news, and my window to buy is late Thursday afternoon or Friday's trading sessions. If the market appears determined to pressure the stock going into the weekend, I may wait until Monday but not longer. I want to give the institutional players a day or two of trading to finish their hedging plays before pulling the trigger on buying. If it bounces before then, I will sit on the sideline and watch the stock closely next week.
For anyone concerned about this equity offering, please take a look at AMD's equity issuances coming out of the great recession of 2008/2009. Sometimes these capital raises are defensive, and other times they're about implementing an attack offense game-plan. In my opinion, PLUG is about to launch a full scale frontal assault, and the institutional herd should enthusiastically gobble these shares up.
Lastly, if someone wants to get a little crazy with rolling the dice, the March 19th $14 calls could tickle my fancy if they are available under $2 per share in the short term. I'll be keeping a close eye on them as well over the next few trading days.
GLTALs
p.s., I've been asked this question so want to address it - I am NOT the "Peter Pan" who posts on the Yahoo Boards...I do not post on Yahoo and do not plan on it anytime soon.
Recent PLUG News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:34:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:33:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:32:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:31:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:31:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:30:33 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/07/2024 01:00:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 01:00:29 PM
- Plug to Webcast Annual Shareholder Meeting on June 5, 2024 • GlobeNewswire Inc. • 05/30/2024 09:55:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/24/2024 08:40:29 PM
- Form 424B7 - Prospectus [Rule 424(b)(7)] • Edgar (US Regulatory) • 05/24/2024 08:02:55 PM
- Plug, Airbus, Delta, Hartsfield-Jackson Atlanta International Airport Study Feasibility of Hydrogen Hub at World’s Busiest Airport • GlobeNewswire Inc. • 05/21/2024 03:31:00 PM
- Shareholders that lost money on Plug Power Inc.(PLUG) should contact The Gross Law Firm about pending Class Action - PLUG • PR Newswire (US) • 05/21/2024 09:45:00 AM
- Plug Signs 3 GW BEDP Contract with Allied Green Ammonia for Electrolyzer Project in Australia • GlobeNewswire Inc. • 05/16/2024 11:00:00 AM
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- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 12:06:42 PM
- Plug Receives $1.66 Billion Conditional Commitment Loan Guarantee From Department of Energy for Green Hydrogen Development Pipeline • GlobeNewswire Inc. • 05/14/2024 12:00:00 PM
- Investors who lost money on Plug Power Inc.(PLUG) should contact The Gross Law Firm about pending Class Action - PLUG • PR Newswire (US) • 05/14/2024 09:45:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:34:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:33:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:30:53 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/09/2024 08:02:15 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 11:22:17 AM
- Plug Announces First Quarter 2024 Financial Results • GlobeNewswire Inc. • 05/09/2024 11:00:00 AM
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