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Anybody figure out if cydy submitted the extra data today that they needed to submit a "completed" BLA.  Would think that would show up in PR

 
identikit said:
Paging @Don Hutson
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Unclear. Looks like there will be a "business update" on Wednesday: 

VANCOUVER, Washington, May 11, 2020 (GLOBE NEWSWIRE) -- CytoDyn Inc. (OTC.QB: CYDY), (“CytoDyn” or the “Company"), a late-stage biotechnology company developing leronlimab (PRO 140), a CCR5 antagonist with the potential for multiple therapeutic indications, announced today that Jacob Lalezari, M.D., CEO of Quest Clinical Research, Bruce Patterson, M.D., Chief Executive Officer and founder of IncellDx, a diagnostics company and an advisor to CytoDyn, and Nader Pourhassan, Ph.D., President and Chief Executive Officer of CytoDyn, will provide a comprehensive business update. The Wall Street Reporter’s event is scheduled for Wednesday, May 13, 2020 at 12:30 pm ET / 9:30 am PT. The presentation will be approximately 15 minutes followed by a Q&A session of approximately 45 minutes.

Date:Wednesday, May 13, 2020

Time: 12:30 pm ET / 9:30 am PT

Access:https://attendee.gotowebinar.com/register/8072137589911916560 

 
Lacey said:
Are those cash covered calls you’re selling?  That seems like a hell of a lot of premiums in one day?  I’d be interested in the details.
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I stopped trading TVIX when it stopped doing the inverting SPY thing. I know it's volatility and not SPY but you know what I'm saying.

... I could kind of get a feel for which way SPY was heading but the bear market changed things with tvix and I could not figure out how to predict volatility. I gave up.

I turned to options but I haven't been able to generate much interest with my strategies in here.

... seems this type of thing is not what people are looking for so I haven't bothered sharing lately. Feels like my posts were just cluttering the board.

Not sure if people want instant gratification and aren't willing to tie up funds for a few weeks? Or maybe they just don't understand how it works?

The stocks paying the best premiums are always risky so criticism is earned and deserved I suppose. 

I was calling it "free money" in some of my posts in here because it seemed like such a no-brainer. But no one else was interested.  :confused:

YOU show interest so here you go ... the rest of you can go buy more CYDY :P  ....

NERV trading mid $12 today ...

today I sold 20 6/19 $10 put options at $4.20 ... 

$8400 premium   ... at a $20k margin ... I don't lose unless it drops below $5.80 per share

--------------------------------------

Then I purchased 1000 shares of the same NERV at $12.50

Sold 10 $17.50 6/19 covered calls at $3.40

paid me $3400 ... holding $12,500 worth of stock  ... I don't lose unless it drops below $9.10. If the stock doesn't hit $17.50 and get called away, I'll do it again next month.

----------------------------

Basically tied up $32,500 to potentially profit $11,800

To me the reward is well worth the risk ... vs. TVIX which is a crap shoot.

 
Bob Sacamano said:
Are those cash covered calls you’re selling?  That seems like a hell of a lot of premiums in one day?  I’d be interested in the details.
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see above.

Yes, cash covered. Only $32k.

Have a boatload of $$$ sitting on the sidelines waiting for the "big market selloff" (that is never going to happen) to get back in.

 
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Bossman said:
I stopped trading TVIX when it stopped doing the inverting SPY thing. I know it's volatility and not SPY but you know what I'm saying.

... I could kind of get a feel for which way SPY was heading but the bear market changed things with tvix and I could not figure out how to predict volatility. I gave up.

I turned to options but I haven't been able to generate much interest with my strategies in here.

... seems this type of thing is not what people are looking for so I haven't bothered sharing lately. Feels like my posts were just cluttering the board.

Not sure if people want instant gratification and aren't willing to tie up funds for a few weeks? Or maybe they just don't understand how it works?

The stocks paying the best premiums are always risky so criticism is earned and deserved I suppose. 

I was calling it "free money" in some of my posts in here because it seemed like such a no-brainer. But no one else was interested.  :confused:

YOU show interest so here you go ... the rest of you can go buy more CYDY :P  ....

NERV trading mid $12 today ...

today I sold 20 6/19 $10 put options at $4.20 ... 

$8400 premium   ... at a $20k margin ... I don't lose unless it drops below $5.80 per share

--------------------------------------

Then I purchased 1000 shares of the same NERV at $12.50

Sold 10 $17.50 6/19 covered calls at $3.40

paid me $3400 ... holding $12,500 worth of stock  ... I don't lose unless it drops below $9.10. If the stock doesn't hit $17.50 and get called away, I'll do it again next month.

----------------------------

Basically tied up $32,500 to potentially profit $11,800

To me the reward is well worth the risk ... vs. TVIX which is a crap shoot.
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Thanks for the insight, always interesting to hear other people’s strategies...I’ve bought a few puts recently and gotten reamed so I’m hesitant on options at the moment.

 Generally you’re betting it won’t fall significantly.  Anything in particular make you pick this stock? Would you be okay owning it at $10 if it would tank?

 
Lacey said:
Thanks for the insight, always interesting to hear other people’s strategies...I’ve bought a few puts recently and gotten reamed so I’m hesitant on options at the moment.

 Generally you’re betting it won’t fall significantly.  Anything in particular make you pick this stock? Would you be okay owning it at $10 if it would tank?
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I'm looking for the best % of premium.

NERV puts were paying 42% when I got them today... which is pretty much unheard of ... unless the company is on the verge of bankrupcy. 

($10 put / $4.20 premium = 42%)

I did some quick research on NERV ... I didn't see any red flags ... at least nothing that should tank it in the next 5 weeks.

I've made lots and LOTS of money recently with these biotech stocks. Some that I've mentioned in here ... NVAX, CODX, BCRX, CVM, INO ... most still paying pretty good

 
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Lacey said:
Thanks for the insight, always interesting to hear other people’s strategies...I’ve bought a few puts recently and gotten reamed so I’m hesitant on options at the moment.

 Generally you’re betting it won’t fall significantly.  Anything in particular make you pick this stock? Would you be okay owning it at $10 if it would tank?
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yeah, I'm not a fan of buying puts. Seems like buying insurance expecting your stock will fail.

I'd rather be the insurance company (selling puts).

 
Anybody investing in VTIQ or buying warrants in VTIQW.  I have been collecting shares and warrants since March when Ubben appeard on CNBC.  VTIQ is a SPAC which will undergo a symbol change to NKLA for Nikola Motors.  Today it closed 20.46.  Just was looking if others are familiar with this ticker and there thoughts.

 
and yes, I tied up $32k ...

but how much of that is actually at risk? ... if the stock tanks from $12.50 to $5 a share I lose a little, not all $32k.

 
Leronlimab has a mention in Nature:

Is aberrant CD8+ T cell activation by hypertension associated with cardiac injury in severe cases of COVID-19?

https://www.nature.com/articles/s41423-020-0454-3

Published: 12 May 2020

Severe COVID-19 patients also showed increased IL-6, IL-1β, and IFN-γ. It is worthy of studying whether blockade of IL-6 or IL-1β, which is currently under clinical trials, would reduce cardiac injury through inhibition of CD8+ T cell-macrophage infiltration and overactivation. The glucocorticoid treatment of ICU patients shall also be closely monitored for potential beneficial or detrimental effect on CD8+ T cell activation. Lastly, CCR5 is a major chemoattracting receptor in CD8+ T cells that involves in various pathogenic conditions, including viral infections. The antiviral drugs, such as Selzentry (maraviroc) and Leronlimab (PRO 140), have been successfully used for treatment of AIDS. It is therefore of great interest to study whether these drugs can block cardiac infiltration of CD8+ T cells thereby reduce hypertensive cardiac injury of COVID-19 patients.
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Bossman said:
yeah, I'm not a fan of buying puts. Seems like buying insurance expecting your stock will fail.

I'd rather be the insurance company (selling puts).
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.... and this is what I find hard to fathom...

Selling NERV puts;

Someone paid me $4.20 to insure one share of NERV for $10 .... that is trading now for $12.50 

Stock would need to fall below $5.80 for this person to gain anything.

Why would someone do this? Makes no sense.

-------

Selling NERV covered calls;

Someone paid me $3.40 for the right to buy a share of my NERV for $17.50 on 6/19... when it's trading for $12.50

... so the only way they can profit is if the stock price will be higher than $20.90 on strike date (5 weeks out).

Let that sink in. I will be on the other side of this trade 10 times out of 10. 

-----------

People want to give away money who am I to say no.

 
Bossman said:
.... and this is what I find hard to fathom...

Selling NERV puts;

Someone paid me $4.20 to insure one share of NERV for $10 .... that is trading now for $12.50 

Stock would need to fall below $5.80 for this person to gain anything.

Why would someone do this? Makes no sense.

-------

Selling NERV covered calls;

Someone paid me $3.40 for the right to buy a share of my NERV for $17.50 on 6/19... when it's trading for $12.50

... so the only way they can profit is if the stock price will be higher than $20.90 on strike date (5 weeks out).

Let that sink in. I will be on the other side of this trade 10 times out of 10. 

-----------

People want to give away money who am I to say no.
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You have a lot of NERV

 
Bossman said:
I'm looking for the best % of premium.

NERV puts were paying 42% when I got them today... which is pretty much unheard of ... unless the company is on the verge of bankrupcy. 

($10 put / $4.20 premium = 42%)

I did some quick research on NERV ... I didn't see any red flags ... at least nothing that should tank it in the next 5 weeks.

I've made lots and LOTS of money recently with these biotech stocks. Some that I've mentioned in here ... NVAX, CODX, BCRX, CVM, INO ... most still paying pretty good
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Do you just check that list and see the options price or is there some sophisticated way to search and sort to see what is paying the highest %?

 
Bossman said:
yeah, I'm not a fan of buying puts. Seems like buying insurance expecting your stock will fail.

I'd rather be the insurance company (selling puts).
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Appreciate the insight and education. 

For someone that is bearish on specific companies or sector do you think it makes sense to buy puts for stocks they don't own?

 
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CR69 said:
Appreciate the insight and education. 

For someone that is bearish on specific companies or sector do you think it makes sense to buy puts for stocks they don't own?
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I'll admit, I'm pretty new to this. I'm sure there's a time and place for BUYING puts ... but that's not for me. I just sell the hell out of them.

Look at all the insurance company adds on tv. Look at how huge those companies are. 

ask yourself this ...  would you rather be the insurance company ... or the one buying insurance?

 
Bossman said:
I'll admit, I'm pretty new to this. I'm sure there's a time and place for BUYING puts ... but that's not for me. I just sell the hell out of them.

Look at all the insurance company adds on tv. Look at how huge those companies are. 

ask yourself this ...  would you rather be the insurance company ... or the one buying insurance?
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I guess it depends on the type of insurance and whether I have the money to issue enough policies to average my losses. 

Are there so many wsb bears buying puts right now that the premium is too high (like in your scenario above) so that it's hard for them to be profitable right now or is that normal?

Also this basically gambling for me. I am normally a 100% buy and hold guy. 

 
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Lacey said:
Do you just check that list and see the options price or is there some sophisticated way to search and sort to see what is paying the highest %?
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Thats the biznatch of it .... finding these gems is a PITA ...

so when I do find one worthy ... and post it for my FBG Brethren ... kinda strange that no one here wants in. Not even a sniff.

All the everyday posters in here are reading my posts on NERV right now and are either ...

a) not interested

or b) researching to see why NERV will tank and my strategy is flawed 

Whatever. It's making me tens of thousands this year.

 
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Bossman said:
Thats the biznatch of it .... finding these gems is a PITA ...

so when I do find one worthy ... and post it for my FBG Brethren ... kinda strange that no one here wants in. Not even a sniff.

All the everyday posters in here are reading my posts on NERV right now and are either ...

a) not interested

or b) researching to see why NERV will tank and my strategy is flawed 

Whatever. It's making me tens of thousands this year.
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c. interested and learning.  not a strategy i've ever done and don't know how to reply.  but i too have been wanting to change up some short term strategies or at least explore some other "options" (pun intended).  

Thanks, Boss 

 
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Don Hutson said:
People on the CYDY boards are claiming that this presentation proves that the BLA is completed because it says on page 3, "BLA filing completed in May 2020 with rolling review".
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man, if there was this huge snafu about the filing being completed but not really completed you would think that in the presentation THEY'D PUT THE FACKING EXACT DAY and clarify and not let people continue to speculate.

 
Bossman said:
Thats the biznatch of it .... finding these gems is a PITA ...

so when I do find one worthy ... and post it for my FBG Brethren ... kinda strange that no one here wants in. Not even a sniff.

All the everyday posters in here are reading my posts on NERV right now and are either ...

a) not interested

or b) researching to see why NERV will tank and my strategy is flawed 

Whatever. It's making me tens of thousands this year.
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I’m interested in learning and in hearing about your success. I’m not sure I can sell puts in my 401k. I haven’t been replying to your post but I am reading them and rooting for you

 
Don Hutson said:
People on the CYDY boards are claiming that this presentation proves that the BLA is completed because it says, "BLA filing completed in May 2020 with rolling review".
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This is on the 5th slide:  "BLA submission completed in May 2020 and granted “rolling review” by FDA – Will apply for priority review."

 
djmich said:
man, if there was this huge snafu about the filing being completed but not really completed you would think that in the presentation THEY'D PUT THE FACKING EXACT DAY and clarify and not let people continue to speculate.
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Nader is an energy vampire.  He feeds off of our boredom, frustration, and anxiety.

 
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Bossman said:
I'll admit, I'm pretty new to this. I'm sure there's a time and place for BUYING puts ... but that's not for me. I just sell the hell out of them.

Look at all the insurance company adds on tv. Look at how huge those companies are. 

ask yourself this ...  would you rather be the insurance company ... or the one buying insurance?
Click to expand...
Congrats on this. I would just caution some folks that this is selling vol while the VIX has retraced from 80+ to 27. Selling insurance works until it doesn't. Ask AIG. I mean premiums are certainly elevated. And you seem to have found some skewed risk / rewards. But there is usually asymmetric downside to these trades although your trade posted less so. 

ETA: Don't get me wrong. I sold some puts on the tankers and wish that it was I did to begin with. It can work. Just a lot of folks will tail in here and not understand the risks. 

 
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Bossman said:
Thats the biznatch of it .... finding these gems is a PITA ...

so when I do find one worthy ... and post it for my FBG Brethren ... kinda strange that no one here wants in. Not even a sniff.

All the everyday posters in here are reading my posts on NERV right now and are either ...

a) not interested

or b) researching to see why NERV will tank and my strategy is flawed 

Whatever. It's making me tens of thousands this year.
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There was one trade a couple of months ago (sold puts) I followed you and made a couple of thousand.  I'm always interested and rooting for you even though I don't have the type of money on the sidelines that you have that I can or want to tie up in a 30+ day trade.  Instead of 10 puts I may go with 2.  With volatility the way it's been lately there certainly is good money there.  

Thing with selling puts you have to be willing to lose or be prepared to roll out of trouble if it goes south.  I've been more comfortable selling credit spreads instead of naked puts.  Doesn't pay as much but gives you a hedge in case the trade goes #### up.  This really saved my butt once about a year ago when a stock tanked over night because of some odd news that came out after hours. Nothing I could do but swallow the loss.  

But it's always awesome to hear different strategy.  Yours is pretty bold and I worry a little that someone may take you up on it without learning how option trades work throughout the lifespan of the trade.  Positions are not always set and forget. They often have to be managed.  Trade drifts away from your strike then all is well.  The closer your strike gets to ITM the more expensive it is for you to manage the trade.  I know you know this but new traders reading may not know potential pitfalls.  Thanks for posting and I hope you continue.

 
Well if you want to consider this a bear capitulating, I did reduce some shorts today. Will likely look to reduce some longs as well just so my net exposure remains fairly constant. Just hang in more cash for a while. When you overlay a lot of the technical analysis, including Mancini, on top of the fundamental outlook, seems like we're in for a choppy market with some bias to the upside in the near-term as we reopen full speed ahead. I suppose the smart money could always pull the rug out and the virus could pop back although I think that is more likely in the fall. My guess is you'll see cabin fever, everyone go out, spend their stimulus check and enjoy the freedom before a combination of the virus and lack of money puts a can on discretionary spending. Worst case, I'll miss the first 10% puke as I suspect a lot of these covid names have run too far. PENN may not get back to $5 but can easily see $10. 

Still full speed ahead on tankers. June oil settle is May 19 so will be interesting to see what oil does then. Will be surprised if it doesn't puke again. Unless I miscalculated supply and demand or storage isn't as full as they claimed. This article sort of lays out some of my thoughts and tankers are ending up being a hedge to reopening. So rather hold them for now then still be short some discretionary names. (https://www.freightwaves.com/news/tanker-stocks-could-emerge-as-covid-19-relapse-hedge)

 
Question.  After my genius decision to buy a couple hundred bucks worth of DECN trading was haulted.  It's back on, but fidelity does not allow me to buy or sell it.  

Whatamigonnado???

 
ghostguy123 said:
Question.  After my genius decision to buy a couple hundred bucks worth of DECN trading was haulted.  It's back on, but fidelity does not allow me to buy or sell it.  

Whatamigonnado???
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I still have a 100 shares of LK just staring me in the face. No idea what’s going on there but it hasn’t traded in weeks now.

 
stbugs said:
I still have a 100 shares of LK just staring me in the face. No idea what’s going on there but it hasn’t traded in weeks now.
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Right but what do you do when it IS trading, but your platform doesnt allow you to do anything with it?

I dont want to sell it right now anyway, just wondering for future reference

 
McBokonon said:
Well, that’s a real screenshot.

I don’t know enough to draw a conclusion from it, though.
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I am pretty sure that just means the SEC accepted the S-3 previously filed (https://www.sec.gov/Archives/edgar/data/1175680/000119312520128998/d921147ds3a.htm#rom921147_6)

I wouldn't think it would be related to the actual filing of the BLA, but this is all mostly based on Googling so very well might be wrong. https://www.sec.gov/cgi-bin/browse-edgar?filenum=333-236198&action=getcompany

 
DDOG up nicely today with solid earnings. Third stock I own that’s been up over 20% or 40% in the past week. Crazy action. I’m easily well over the peak in February. The only active trading account (our 401ks are all mutual funds) I have that’s just a hair above the peak is my IRA where I still have a large % of cash.

Still worried that we aren’t out of the woods, but my only lesson learned is to not hesitate. When we were in that bottom week the prices were good enough for me to move in all my cash. I bought some and every stock I added that week or even the week before is up really well, many doubled. The prices I saw were prices I would have been thrilled to get in at before the crash. I hesitated because I was worried about a deeper drop and didn’t set prices where I should buy in thinking long term.

Oh well, still a newbie individual stock wise but definitely happy with the results in the last year or so.

 
ghostguy123 said:
Right but what do you do when it IS trading, but your platform doesnt allow you to do anything with it?

I dont want to sell it right now anyway, just wondering for future reference
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If they were halted again by the SEC you may not be able to sell for up to 10 days.  Really not sure what to think here.  DECN isn't an OTC like CYDY.  It's "Expert Market" traded 

The Expert Market is a private market to serve broker-dealer pricing and best execution needs in securities that are restricted from public quoting or trading. Restrictions can be based on issuer requirements, security attributes, investor accreditation and/or suitability risks.
OTC Markets Group Inc. ("OTC Markets") has discontinued the display of quotes on www.otcmarkets.com for this security because it has been labeled Caveat Emptor (Buyer Beware). OTC Markets Group designates certain securities as “Caveat Emptor” and places a skull and crossbones icon next to the stock symbol to inform investors that there may be reason to exercise additional caution and perform thorough due diligence before making an investment decision in that security.
Click to expand...

 
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