Author Topic: Stocks  (Read 1076267 times)

Offline DealJew

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Re: Stocks
« Reply #7480 on: February 07, 2023, 02:33:55 PM »
I bought a few calls yesterday (at the money, expiring this Friday)
They've doubled in value
What strike price?
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Offline gozalim

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Re: Stocks
« Reply #7481 on: February 07, 2023, 02:49:18 PM »
35.5, 36

Offline DealJew

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Re: Stocks
« Reply #7482 on: February 07, 2023, 03:11:28 PM »
Quick question: When exercising a in the money call option, do i have to actually have the money to buy the shares? Say a strike price of $20, does that mean that i have to have $2K to exercise the call option?
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Offline sam2015

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Re: Stocks
« Reply #7483 on: February 07, 2023, 03:14:30 PM »
Quick question: When exercising a in the money call option, do i have to actually have the money to buy the shares? Say a strike price of $20, does that mean that i have to have $2K to exercise the call option?

If you are selling to close - you are not buying the actual shares. From experience: PLEASE do a little reading about trading options before you do any trades.

Offline CountValentine

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Re: Stocks
« Reply #7484 on: February 07, 2023, 03:17:45 PM »
You gotta love the market.
The way it's moving up and down with every word from Powell.
How do we get a copy of his speech beforehand?  :)
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Offline yos9694

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Re: Stocks
« Reply #7485 on: February 07, 2023, 04:43:48 PM »
Quick question: When exercising a in the money call option, do i have to actually have the money to buy the shares? Say a strike price of $20, does that mean that i have to have $2K to exercise the call option?

I believe so. If you exercise and don't have the funds to buy the shares, the broker might liquidate other positions. If you don't have the funds why not just sell to close?

Online sds1493

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Re: Stocks
« Reply #7486 on: February 08, 2023, 12:43:49 PM »
What's the best platform to trade on? Not for long term holding, but for shorter 'timing the market' trades?

Offline CountValentine

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Re: Stocks
« Reply #7487 on: February 08, 2023, 12:55:25 PM »
What's the best platform to trade on? Not for long term holding, but for shorter 'timing the market' trades?
Interactive Brokers
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Offline madhocker

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Re: Stocks
« Reply #7488 on: February 09, 2023, 03:16:26 PM »
GlaxoSmithKline (GSK) has a drug - dostarlimab - that has previously been approved by the FDA for cancer.  It has now been submitted for review to treat a different type of cancer. The committee report is coming out Tuesday, 2/7, with the FDA recommendation on Thursday 2/9.  It is likely to be approved.

(Buy M,T or W.  Off market on Th. Stock price rises on F.  POSSIBLY)
Any sign of reports? Stock is not halted today

Offline incendia

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Re: Stocks
« Reply #7489 on: February 09, 2023, 03:42:55 PM »
Any sign of reports? Stock is not halted today

I would doubt a big stock like them would get halted for a FDA announcement like this. 

Offline ckmk47

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Re: Stocks
« Reply #7490 on: February 09, 2023, 04:02:21 PM »
The report was mixed.  I sold half at a profit. 
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Offline gozalim

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Re: Stocks
« Reply #7491 on: February 09, 2023, 04:53:24 PM »
The report was mixed.  I sold half at a profit. 
keeping the other half for?

Offline ckmk47

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Re: Stocks
« Reply #7492 on: February 10, 2023, 08:56:27 AM »
keeping the other half for?
At the FDA meeting, the committee asked some sharp questions. So I sold half to lock in my profits. Later in the day, the FDA approved the drug for an additional type of cancer and asked for more data about a 3rd type.
My guess is that if GSK has a bump, itís first thing today. 


9:35 am  It's dropping, not rising. Still up 2% from when I bought it.
« Last Edit: February 10, 2023, 09:39:09 AM by ckmk47 »
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Offline YitzyS

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Re: Stocks
« Reply #7493 on: February 26, 2023, 08:08:58 AM »
Any new insight into BLUE? It dropped a lot recently, wondering if I should buy some.

Offline yos9694

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Re: Stocks
« Reply #7494 on: March 01, 2023, 03:07:50 PM »
Good call once again @ckmk47 on Cidara. Wish I had joined the ride

Offline sguitarist18

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Re: Stocks
« Reply #7495 on: March 01, 2023, 05:10:34 PM »
Good call once again @ckmk47 on Cidara. Wish I had joined the ride

When was that recommended?

Offline incendia

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Re: Stocks
« Reply #7496 on: March 01, 2023, 05:21:05 PM »
When was that recommended?




Cidara Therapeutics, Inc. (CDTX)Cheap stock. Closed at .78/share
Has a new drug coming out.  This past Friday the FDA Staff Report came out.  My doctor friend found the report enthusiastic about the drug.  It is a drug for serious fungal infections. Itís given once a week. The FDA Advisory Committee is announcing their recommendation on Tuesday. They base it on the Staff Report.    Theyíll likely recommend it be approved. The FDA will meet in March to announce final approval or not. 

The stock had a 40% drop on Friday at 10:00 am.  IDK why.  IDK when the FDA Staff Report announcement was, but Iím guessing the drop was in response to it.
The drug works against fungal infections. The company website is talking about using it for cancer patients.  My Dr friend sees a large market in nursing home patients. Reduces administrative cost, even if itís more expensive than the alternative.  If these patients were sent to a hospital for treatment, the hospital can send them back much quicker than a 7 or 10 day course of medicine. CDTX Has engaged Melinta Therapeutics to market it.  Maybe they'll do a good job.  Either way, hospitals and nursing homes will likely use this. Long term. This is the only such drug thatís once a week. There also has not been such an anti-viral approved in a few years.
The company may not pop after Tuesdayís FDA announcement even if they do recommend the drug for approval. But itís likely to have steady sales into the future.
Iím in.

Offline ckmk47

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Re: Stocks
« Reply #7497 on: March 01, 2023, 05:33:25 PM »
And I sold out completely back then. :(
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Offline sguitarist18

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Re: Stocks
« Reply #7498 on: March 01, 2023, 05:38:29 PM »
Thanks - yes, I got in on this, but also sold out...made about $800, but would have been great. Woulda Coulda Shoulda, but you don't go broke by selling too early.

Offline dealmaster

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Re: Stocks
« Reply #7499 on: March 01, 2023, 05:45:39 PM »
@ckmk47 anything on the horizon?
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