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Joe Springer

 
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  • Call Options Primer [View instapost]
    That is all up to your own risk tolerance, 166K will net you ~$10 million at $77 per share, if you can tolerate the risk that is pretty sweet.
    Aug 21 11:23 AM | Likes Like |Link to Comment
  • Call Options Primer [View instapost]
    You are most welcome valuefinder, thank you.

    1) Remember each contract represents 100 shares, so you are talking 100K and 200K shares with 1,000 & 2,000 contracts.

    2) Yes, just like with an illiquid stock there are no guarantees of having a counter party to trade with. For in-the-money options you should at least get the intrinsic value, but maybe not more than that if they are near expiry and not liquid, and if the underlying stock is not liquid you may have to go lower than intrinsic value if you are an eager seller.
    Aug 21 01:04 AM | Likes Like |Link to Comment
  • Email On Tonix [View instapost]
    FM patients are about as in need as you get, 3 approved treatments to PTSD's 2 and they both use opiates and sedatives off label, they both have a big need.
    Aug 18 05:39 PM | Likes Like |Link to Comment
  • Email On Tonix [View instapost]
    I agree I think they will do very well in military and non-military PTSD, but don't discount FM - it is a very expensive problem and a big burden on the social/insurance system, costs per patient estimates range upwards of $10,000 - $20,000 a year, and 10-30% of all doctor's visits are for symptoms that resemble those of fibromyalgia, and nonrestorative sleep is a pervasive part of the problem:

    http://bit.ly/1BuyT2J
    Aug 18 03:19 PM | Likes Like |Link to Comment
  • Email On Tonix [View instapost]
    It was about 6 months after top line data that the FDA told Map no final phase 3 was needed, so that would be my guess, although the 2012 PDUFA changes made the FDA a little speedier so it could be a little quicker if it happens..
    Aug 18 02:23 PM | Likes Like |Link to Comment
  • Email On Tonix [View instapost]
    Actually since the August calls expired on Friday there are now October calls, that is cutting it close but they are new as of today..
    Aug 18 01:21 PM | Likes Like |Link to Comment
  • Email On Tonix [View instapost]
    The Decembers seem to give plenty of breathing room with results expected near the beginning of October.

    There are March calls too which have an outside chance of capturing an FDA notification of no final phase 3 needed.

    Out of the money is going to best the bang for the buck - $15, $17.50, or $20 strike price.

    They are not very liquid though, you may want to name a price and see if anyone takes it rather than pay the ask - the spread between the bids and asks is wide.
    Aug 18 09:43 AM | Likes Like |Link to Comment
  • Email On Tonix [View instapost]
    There are call options..
    Aug 18 09:26 AM | Likes Like |Link to Comment
  • Email On Tonix [View instapost]
    I did not realize that is what you were asking SaltyDog62, I thought you wanted the numbers. No warrants are not available to the public.
    Aug 18 09:19 AM | Likes Like |Link to Comment
  • Email On Tonix [View instapost]
    You are most welcome, a sincere thank you.
    Aug 18 07:55 AM | Likes Like |Link to Comment
  • Email On Tonix [View instapost]
    You are most welcome 683, same to you.
    Aug 17 09:32 PM | Likes Like |Link to Comment
  • Email On Tonix [View instapost]
    You are most welcome Micha,

    1) Have a look at IWM, small caps took a big beating right at that time, I think some stop losses in the 13s got cleaned out, when others noticed the dip they bought.

    2) I just don't know how to game it other than I think it will be permanently much more valuable after results.
    Aug 17 08:22 PM | 1 Like Like |Link to Comment
  • Email On Tonix [View instapost]
    You are right I Heart Joe, with a 15 multiple you have $1,111 per share and 7% annual return - or $20 quarterly dividends. Nice work.
    Aug 17 07:57 PM | Likes Like |Link to Comment
  • Email On Tonix [View instapost]
    You are most welcome Carpe DeeMmm, thank you.
    Aug 17 07:53 PM | Likes Like |Link to Comment
  • Email On Tonix [View instapost]
    You are most welcome tkswett, yes it is.
    Aug 17 07:21 PM | Likes Like |Link to Comment
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