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re: AUPH - Aurinia Pharmaceuticals

Posted on 8/18/21 at 7:59 pm to
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31092 posts
Posted on 8/18/21 at 7:59 pm to
A question on that. If i sell a call and own shares, that's automatically a covered call, right? Just want to make sure I've been doing it right.
Posted by jerryc436
Franklin
Member since Jan 2014
516 posts
Posted on 8/18/21 at 8:07 pm to
On Vanguard I have to pick covered call and it brings up a list of which stock I want to sell. My options are sell to close or sell to open (covered calls only). I am trading in an IRA so it may be different in a regular account. Not sure if that answers your question.
Posted by oklahogjr
Gold Membership
Member since Jan 2010
36761 posts
Posted on 8/18/21 at 9:19 pm to
quote:

have a covered call at 15, 16, 17 and 18 all expiring on Friday. May wait before setting new ones but I have been making good money and have not lost any shares yet.

I've made decent money on covered calls with auph as well but I tend to sell calls when it runs on no news type stuff towards the top. And then ride the wave down before closing out.

St this point we're dipping/flat so im thinking i might sell some puts here to pick up more cheap or take some premium, then sell calls on them if we get another no need run or good earnings.

I'm more confident than ever honestly last quarter was good and now we're seeing signals of potential acquisitions or some kind of direction post lupkynisis sales. This moved a sign I'm just not sure on what.
Posted by oklahogjr
Gold Membership
Member since Jan 2010
36761 posts
Posted on 8/18/21 at 9:21 pm to
quote:

question on that. If i sell a call and own shares, that's automatically a covered call, right? Just want to make sure I've been doing it right.


If you own all the underlying shares then yes.

So for every 100 shared you can sell 1 option and be covered.
Posted by jerryc436
Franklin
Member since Jan 2014
516 posts
Posted on 8/18/21 at 9:27 pm to
I have also sold some puts hoping to get more shares at a lower price. When it was down I sold a 10 and 11 put that expires Friday. Probably will not fill but I keep premium and reduce my cost on other shares. Only have 1100 shares right now and would like to get back to 1500 shares if the price is right.
Posted by AMS
Member since Apr 2016
6495 posts
Posted on 8/23/21 at 9:34 pm to
Good price movement today
Posted by Weagle25
THE Football State.
Member since Oct 2011
46186 posts
Posted on 8/23/21 at 11:59 pm to
Up to 14 down to 11 up to 14 down to 11 up to 14!
Posted by oklahogjr
Gold Membership
Member since Jan 2010
36761 posts
Posted on 8/24/21 at 1:04 am to
Yeah wake me up when we hit $20 at least.
Posted by bayoubengals88
LA
Member since Sep 2007
18908 posts
Posted on 8/24/21 at 12:22 pm to
I just don't see how this thing isn't officially acquired by November.

The writing is on the wall.

Will be get $30 or $40?
Posted by molsusports
Member since Jul 2004
36110 posts
Posted on 8/24/21 at 1:09 pm to
30 or 40 would imply sustained low sales. They should wait for a better offer
Posted by oklahogjr
Gold Membership
Member since Jan 2010
36761 posts
Posted on 8/24/21 at 4:48 pm to
I mean 45 seemed fair not too long ago. But If they keep cash flows and revenue increasing the Npv is only going up as they actualize sales projections.
Posted by bayoubengals88
LA
Member since Sep 2007
18908 posts
Posted on 8/24/21 at 5:09 pm to
I’m just trying to make sense of the

1) silence
2) lack of open market buys (zero since 9 days after a approval)
3) TSX delisting (strange)
4) weird arse 6 million dollar acquisitions that would take 3-5 years to develop

But it would make sense to wait until A2 data unless they can get $40+ now.
This post was edited on 8/24/21 at 5:10 pm
Posted by bayoubengals88
LA
Member since Sep 2007
18908 posts
Posted on 8/24/21 at 7:46 pm to
Friends,
Check out the trend...

Posted by oklahogjr
Gold Membership
Member since Jan 2010
36761 posts
Posted on 8/24/21 at 10:51 pm to
Well that explains the green days. Anyone able to see what the order book looks like?

i almost did Robinhood gold for the L2 data but it's hard to imagine doing sophisticated trading on there like that.
Posted by oklahogjr
Gold Membership
Member since Jan 2010
36761 posts
Posted on 8/25/21 at 9:32 am to
Gosh this thing is like dj Khaled of green days right now.......



Another one. If you were looking at an entry point this is probably it. You'll be in st the same price as the institutions if you missed getting in earlier.
Posted by jmcwhrter
Member since Nov 2012
6562 posts
Posted on 8/25/21 at 9:36 am to
quote:

If you were looking at an entry point this is probably it.


Having watched this thing daily for years now, I'm pretty confident in saying that buying after several consecutive green days is probably the worst possible timing you could have

Maybe THIS TIME I'm wrong (for all our sakes)
Posted by ynlvr
Rocket City
Member since Feb 2009
4583 posts
Posted on 8/25/21 at 10:00 am to
I hope this time is different. But history would validate caution here.
Posted by Caymus
Houston
Member since Jul 2015
1134 posts
Posted on 8/25/21 at 10:55 am to
quote:

Maybe THIS TIME I'm wrong (for all our sakes)


I know that if I sell now with every intention on getting back in on the next 12ish dip that it will not dip down again.
Posted by Weagle25
THE Football State.
Member since Oct 2011
46186 posts
Posted on 8/25/21 at 10:59 am to
quote:

know that if I sell now with every intention on getting back in on the next 12ish dip that it will not dip down again.

Literally what I’ve been thinking for a while.

Past few months I’ve had a good gut feeling when it was peaking and when it was at the bottom. But I can’t get myself to swing trade it because I know the one time I do sell at the “top” it’s just going to keep running.
Posted by oklahogjr
Gold Membership
Member since Jan 2010
36761 posts
Posted on 8/25/21 at 11:57 am to
quote:

Having watched this thing daily for years now, I'm pretty confident in saying that buying after several consecutive green days is probably the worst possible timing you could have

Maybe THIS TIME I'm wrong (for all our sakes)

Lol fair point. Let me rephrase. Buying around the support levels in the current channel should be good and around where institutions are. Don't go out there and slap the ask unless you're really feeling it
This post was edited on 8/25/21 at 11:58 am
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