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Joe Kunkle

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  • Arena Pharma: Using Options to Trade on FDA's Decision for Key Obesity Drug [View article]
    Update 9/1: Today there was the following trade:

    Arena Pharma (ARNA) with a seller of 10,000 April $10/$4 strangles for $3.10
    Sep 1 03:04 PM | Likes Like |Link to Comment
  • Arena Pharma: Using Options to Trade on FDA's Decision for Key Obesity Drug [View article]
    A synthetic position into a FDA Panel does not manage risk well, as shares are halted and could fall 40% in a heartbeat, leaving the net credit position in a world of trouble.
    Aug 29 09:34 AM | Likes Like |Link to Comment
  • Arena Pharma: Using Options to Trade on FDA's Decision for Key Obesity Drug [View article]
    The JAZZ straddle was pricing in around a 25% move and was exactly the move seen. Based o Analyst price target and the fact there are competing drugs the move in ARNA is likely to be a lot more subdued than ITMN and DNDN. ITMN had much a higher short ratio going into the event (not short float, but short ratio). ARNA's short interest is misleading because the float is massive. DNDN was the most hyped drug ever into an event and the move was actually a lot smaller than priced in on the actual FDA date, and immediately faded.
    Aug 28 09:07 AM | 1 Like Like |Link to Comment
  • Arena Pharma: Using Options to Trade on FDA's Decision for Key Obesity Drug [View article]
    October Options Expiration is the 15th - was looking at wrong calendar - just a note about that, but the strategies still apply
    Aug 27 01:29 PM | Likes Like |Link to Comment
  • Option Traders Position for Novartis Downside on FDA Drug Review [View article]
    It took you a whole 11 minutes to respond to yourself? Once again, the technicals/fundamentals are thrown in here as ancillary aspects. Regardless, the charts both look terrible.....
    Aug 24 09:27 AM | Likes Like |Link to Comment
  • BreitBurn Energy Partners: An MLP With a Bright Future [View article]
    At www.optionshawk.com/un...
    Aug 23 01:23 PM | Likes Like |Link to Comment
  • Option Traders Position for Novartis Downside on FDA Drug Review [View article]
    Apparently your amateur reading abilities failed to see this analysis is focused on upcoming catalysts, and the action is the options pits projecting downside in shares, not a look into the 10 year future of a Pharma stock that generally trades boring. I prefer to trade, and not invest, so my 3 month outlook for Novartis sees shares heading lower.

    The intention was not for an in depth view into the Company's fundamentals because that makes no difference when certain catalysts are the real cause of stock movements.

    We will see where shares trade the next few months...everyone is entitled to an opinion
    Aug 23 11:26 AM | Likes Like |Link to Comment
  • Option Traders Position for Novartis Downside on FDA Drug Review [View article]
    An ADR is just a conversion...so the chart looks the same....the USD/CHF has been much less volatile that USD/Yen and USD/EURO
    Aug 23 08:32 AM | 1 Like Like |Link to Comment
  • Option Traders Position for Novartis Downside on FDA Drug Review [View article]
    The first 4 catalysts presented could be positive or negative - just noting them and how the "smart money" is positioning ahead of results...
    Aug 23 08:12 AM | Likes Like |Link to Comment
  • BreitBurn Energy Partners: An MLP With a Bright Future [View article]
    Thanks for correcting me - you are right, when it comes to that stuff I am not an expert - just good at finding trades and investments
    Aug 20 09:53 AM | 1 Like Like |Link to Comment
  • Is Manulife a Contrarian Buy? [View article]
    Manulife saw active call buying in Dec. and March contracts Monday and with shares beaten down, this is the type of contrarian activity I like to see (7X average call volume as 3,900 traded), so I would agree that shares have likely seen lows at this point, as the smart money is playing for a bounce.
    Aug 18 06:25 AM | 1 Like Like |Link to Comment
  • Option Traders Bet on Sell-Off in Gold Miners [View article]
    7/14 Article Disclosure: Disclosure: Long Newmont (NEM) Aug. 60 Puts at $1.75

    7/16 Comment: Closed NEM Puts at $3.05 for a 74% Gain

    It's all there, all the proof, maybe reading is not your strong suit either....
    Aug 17 11:46 AM | Likes Like |Link to Comment
  • Option Traders Bet on Sell-Off in Gold Miners [View article]
    Except that I clearly stated entry and exit points......

    Jealously is a stinky smell....

    Go back to your children's book Arthur: stk.ly/dgUcXw
    Aug 17 07:13 AM | Likes Like |Link to Comment
  • Option Traders Bet on Sell-Off in Gold Miners [View article]
    Are you that dumb that you can not figure out that Gold Miners (GDX) are still lower than where they traded when this article was written? Also, it was pretty clear I made a short term call and already banked profits that you wish you could make owning Gold for 15 years.

    Get a life....you are making yourself look more foolish every day
    Aug 16 03:32 PM | Likes Like |Link to Comment
  • Option Traders Betting on a Bottom in Homebuilders [View article]
    Aug 13th: Pulte (PHM) sale of 20,000 September $8 puts here at $0.46, right at long term support
    Aug 13 03:40 PM | Likes Like |Link to Comment
COMMENTS STATS
117 Comments
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