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Started By
Message
re: AUPH - Aurinia Pharmaceuticals
Posted on 4/18/23 at 4:52 pm to bayoubengals88
Posted on 4/18/23 at 4:52 pm to bayoubengals88
I am hoping it closes at $11 or a little higher Friday. That will cause my put to be assigned to replace the $10 CC I will lose. Still have my core position to write CC's and CAP's on to gain more premium. My 1K shares I have right now is house money so the only question is how much I will make in the end, hopefully through buyout.
1
Posted on 4/19/23 at 7:12 am to jerryc436
This stock is manipulated like none other
The SL raids are ridiculous
The SL raids are ridiculous
Posted on 4/19/23 at 10:46 am to jimjackandjose
I’ve become so apathetic to the market, especially this stock after being burned badly with options. I bought back around $6 in January, but just commons. Not worried about 5-10% swings…the drug and efficacy is top in class, and eventually it will be bought for $25+, in my opinion. Might be another year or 2, but it is what it is.
Posted on 4/19/23 at 8:54 pm to Crescent Connection
July $7 and 8 puts are extremely juicy right now.
It’s about as safe a bullish play as you can make for May earnings.
It’s about as safe a bullish play as you can make for May earnings.
Posted on 4/19/23 at 10:14 pm to bayoubengals88
You selling puts or buying?
What premium you getting?
Looks like earnings either send this to 14 or dump it to sub 8.
I probably should hedge a little I suppose and buy some puts
What premium you getting?
Looks like earnings either send this to 14 or dump it to sub 8.
I probably should hedge a little I suppose and buy some puts
Posted on 4/20/23 at 6:52 am to jimjackandjose
IV is really high so I sell puts as a bullish move.
If earnings really suck then I'll have three hundred new shares at $8, but I’m guessing I’ll be able to close those out with any kind of run up into earnings. I collected .50 per contract on those, expiriing 5/19.
6.25% in a month if it works out.
Buying puts is too much of a hedge for me.
With the numbers you just provided, if you really believe in sub $8 and upwards of $14, try a long straddle.
If earnings really suck then I'll have three hundred new shares at $8, but I’m guessing I’ll be able to close those out with any kind of run up into earnings. I collected .50 per contract on those, expiriing 5/19.
6.25% in a month if it works out.
Buying puts is too much of a hedge for me.
With the numbers you just provided, if you really believe in sub $8 and upwards of $14, try a long straddle.
This post was edited on 4/20/23 at 2:23 pm
Posted on 4/22/23 at 9:22 am to bayoubengals88
I was happy with the price yesterday. Ending up buying 100 at $11.00 and selling 100 at $10.00. Came out way ahead with the premiums and still have my core position. Planning on doing some CSP on Monday between $7 and $9 and CC's between $12 an $15.
Posted on 4/22/23 at 11:19 am to jerryc436
quote:Can you please explain this. You bought an $11 call and sold a $10 put?
Ending up buying 100 at $11.00 and selling 100 at $10.00.
My $13s obviously expired worthless.
An easy $140 collected. Cha-Ching
Will do it again for 5/19 while premium remains elevated. $15 calls are paying .50 as of Friday’s close. I hope everyone is taking advantage of this sky high IV. The market as a whole is providing very little premium right now.
Posted on 4/22/23 at 3:11 pm to bayoubengals88
Yes I had a CC at $10 with 0.34 premium but it got assigned. Also had cash covers put at $11 with $114.00 premium. I still have 1K shares and my cost basis rose slightly. My 1K shares is all house money. All my other CC's and puts expired and I banked $578.00 in premiums yesterday.
Posted on 4/22/23 at 4:05 pm to jerryc436
Ah, I see. You must have sold those 10s a good while ago to only get .34 from them.
You didn’t want to roll up and out to save your shares? I suppose you can wheel the $1,000 you got from the sale on 9-10 CSP. Those should provide a hefty premium.
You didn’t want to roll up and out to save your shares? I suppose you can wheel the $1,000 you got from the sale on 9-10 CSP. Those should provide a hefty premium.
Posted on 4/22/23 at 7:00 pm to bayoubengals88
I am doing it in an IRA and have never tried to roll up and out. I am only set up to do CC's and cash covered puts. I did the $10 CC In the first week of January when the share price was in the mid 7's. Most of my CC's and puts have expired and I just use the premium to do more puts. Will be repeating that stratergy next week. I only did the $11 put because I knew I would be losing th $10 CC and the premium was too much to resist.
Posted on 4/22/23 at 7:28 pm to jerryc436
Gotcha. Worked out since your cost basis on the $11 ended up being 9.86
I really wish I had started this stuff three years ago. I could have made a killing on the hysteria when we were at $30+
I really wish I had started this stuff three years ago. I could have made a killing on the hysteria when we were at $30+
Posted on 4/22/23 at 8:05 pm to bayoubengals88
I started doing options in the summer of 2021. Was just learning and started off real sloe. Wish I had started learning a few years earlier and wish I knew what I know then what I know today. Live and learn!!
Posted on 4/25/23 at 9:47 am to Rendevoustavern
Yeah, he went right at them.
Even claiming they could sell today for $28 per share. Putting pressure on board.
I'd take the $28. And not shed a tear
Even claiming they could sell today for $28 per share. Putting pressure on board.
I'd take the $28. And not shed a tear
Posted on 4/25/23 at 10:08 am to SeeeeK
Toni Braxton is your Aurinia spokesperson.
Posted on 4/25/23 at 10:12 am to bayoubengals88
womp womp. Wish they could have worked something out with Selena
Posted on 4/25/23 at 10:16 am to Turftoe
quote:I understand, it's a big nothingburger and a money waste that represents a GIA strategy.
womp womp. Wish they could have worked something out with Selena
This post was edited on 4/25/23 at 10:18 am
Posted on 4/25/23 at 10:19 am to bayoubengals88
Thankfully the little pump allowed me to sell five 5/19 $15 calls for .55
Looks like an easy $275 minus commission.
Looks like an easy $275 minus commission.
This post was edited on 4/25/23 at 10:21 am
Posted on 4/25/23 at 12:36 pm to bayoubengals88
Really strange trading.
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