I know, back with this trade and again i'm talking my book. Sold
some 1/17/15 - 6 strike puts @ $0.25 (yup expire next week). from a
fundamental perspective they have over $5 per share in cash and
investments. quarterly burn rate is less than $10 million
which means they have ~20
quartersof cash burn on the books. they have a
request in for drug approval with the EU, although not having
any luck with the US. i can't see getting into much
trouble if i own it @ $5.75 next week. . feel free to hop aboard.
.good trading
for those of you who might be keeping track. this one didn't
work out as planned. I took the first and then a second position
(waited until it fell to 5.30 before I sold some more jan 6 puts @
$.70). got stuck with them of course (assigned). until today. just
unloaded @ average price ~$6.25. took an extra month and change to
unload, but the ROR for the period still more than met my
objectives. good trading. will post when I try again. Haz
ECYT
Posted by hazbin1 on 8th of Jan 2015 at 10:18 am
I know, back with this trade and again i'm talking my book. Sold some 1/17/15 - 6 strike puts @ $0.25 (yup expire next week). from a fundamental perspective they have over $5 per share in cash and investments. quarterly burn rate is less than $10 million which means they have ~20 quartersof cash burn on the books. they have a request in for drug approval with the EU, although not having any luck with the US. i can't see getting into much trouble if i own it @ $5.75 next week. . feel free to hop aboard. .good trading
ECYT - redux
Posted by hazbin1 on 2nd of Mar 2015 at 01:04 pm
for those of you who might be keeping track. this one didn't work out as planned. I took the first and then a second position (waited until it fell to 5.30 before I sold some more jan 6 puts @ $.70). got stuck with them of course (assigned). until today. just unloaded @ average price ~$6.25. took an extra month and change to unload, but the ROR for the period still more than met my objectives. good trading. will post when I try again. Haz
yep i remember this a
Posted by himsa on 8th of Jan 2015 at 06:32 pm
yep i remember this a while back, its crazy how high it went from like 5 to 30