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It might depend on the premium (the buyer of the option might want to wait until the stock price = the $48 + the premium) plus this pop is premarket so options can’t be exercised yet. I sell covered calls constantly and on occasions where this happens, I’ll just keep rolling it forward until it settles down into a range (assuming I want to keep the stock.)
CYDY is a dumpster fire to be sure, but just this news. This news IMHO kind of puts HGEN into a pivot mode and they appeared to me to be way more dependent on COVID approvals.
HGEN also has cart-t trial starting. Announced a few days ago.
How do you think PFE affects them? I’m no longer invested in any of this but damn it was a lot of time last year so I still follow them. I know the analysts estimates were heavily, maybe even solely based on COVID and vaccines took away a lot of the market when they were announced. How much would this pill affect them? I can’t recall if they are IV or injection or something else. Do you think there’s a chance they’d just close it down and worry about other indications?
Oh I’m sure the PFE will hurt the stock short-term. I’ve already mentally written off those covid losses for this year and am just holding it long-term now.
Looks like I'm alone. Couldn't resist and added DKNG in my brokerage account.
Holding in my Roth, but I'm still way up there since that position was started when it was mid 20's.
Right. That’s why they are down so much but it’s not their only thing. I don’t think they should be down more than someone way more dependent on COVID sales.
Lol, so true. This drug 100% needs a test and likely keeps many folks from getting a vaccine and vaccines are the things that hurt FLGT testing. Also, not really their core business which is doing great, just how much their cash hoard grows due to COVID testing.
RGEN would be on my list but I already own a full share. It’s down more than REGN which has the COVID drug.
MRNA taking it again
Eh, I didn’t touch my SQ, but I’m good selling DKNG. It isn’t a pure meme stock but it started as a SPAC and has retail cache so that may be why it’s up. It’s bizarre because out of all the companies I follow, they had tasty bad a miss on both top and bottom as anyone. Even SQ hit on bottom.
No.....typically they are not called away like that. If they are at some point.....yeah we made 34%....but people typically are greedy.....they wait to exercise. And they are randomly assigned BTW so you never know if it is you stock that get’s assigned to someone exercising the option.
Not really any good buys overall on my list other than MDU which I said yesterday.
So if this is in a non taxable account do we just take it on the chin now and move on or hope that in the next year or so we see it turn around?
Exactly what I did, sold half my DKNG today at a slight lossI think I'm done with DKNG. My avg cost is $50.26 so I'm not getting murdered but I am getting slightly annoyed at this one. I might sell half as a purpose pitch to send a message.
Related, my old man is 77 and plays in our fantasy league. Whenever one of his players gets a zero, he benches him or cuts him and thinks it sends a message to the rest of his players.
That's how I feel about DKNG right now.
Are you sure that they are paying $40 a month? They have a subscription option that isn't linked to the bike that is only ~$13/month. When that came out, I assumed they would lose the vast majority of their $40/monthers.
