Replies to post #11877 on Intellipharmaceutics International Inc. (IPCI)

[doogdilinger]

Nice stuff Angelo...never considered playing options here but perhaps I should as you have definitely positioned yourself nicely congratz!

[hondobud]

So you're saying you want the stock to go higher but not over $7.50 at expiry? I think this is a good strategy. I personally hope the stock will be over $7.50 in January. You still can move around in this trade before January right? Or establish new option positions? Are you fishing for more option traders?
I need to do some reading on options trading.

[muddybrazos]

I have sold puts here but there isn't enough volume imo to make it worthwhile. The spreads are really wide. If you look at the July 7.50 the bid is 4 so you're better off just buying the stock right now for less than 3.50. The Jan bid is 4.40 so that might be worth selling bc i think we will be above 3.10 on Jan opex.

[fabius]

Angelo,

if I get it correctly, I'm not sure it's the best strategy to implement with a stock like IPCI.

Jus think it the price consolidates at around 4 (which could realistically happen once we have 5mg approval on Focalin) and then a mega-deal on rexista hits...

...probably we would jump above 10 and having sold PUTs at 7 or 5 would hurt you a lot.

Aa I wrong in this reasoning ?