Mr. Lahey said:

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Just looked at my phone, 10+ all time low notifications from my watchlist.

The cry laugh emoji is mostly cry.

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Bloodbath for sure. ELOX seems a bit of an overreaction though.

Had some fun with ELEK this morning. Picked it up just over $4 yesterday and sold at $7.80. One of my few wise decisions in the market so far!

bmoochie said:

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How would you hedge in this instance if you are selling puts? I can't visualize it so I am a tad confused.

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I don't sell puts on SAVA, but if I did I would hedge by buying a put a few strikes below the one I sold (just in case it goes to $0).

I own shares and sell CCs against them. I hedge my shares with puts and try to buy them after SAVA goes on a run.

For example, SAVA spiked two weeks ago and the 12/17 P50s dropped to 3.00. This was a good time to buy the P50s because they're 11.00 today. All of my shares were bought under $50, and $50 has been a strong support/resistance since February, so that's the level I like to work around. Now that I have some cheap 12/17 P50s, I can roll them to next year using profits from the recent drop.

When SAVA spiked 2 weeks ago, I sold C50s against my shares to capture profit and premium. I like this better than selling the shares because I get a little more profit with the premium and I can also roll the contract for more premium if the stock price doesn't come back down before expiration.

I think SAVA continues like this until they get approval of Simufilam or the fraud accusations are proven true.

AgShaun00 said:

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Legalize-It-Ags said:

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Danwell Home said:

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Ohhhh SAVA **** you

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Im right there with you. Just average down and stay strong. There will eventually be a squeeze.

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didn't baylor say that stock is a fraud?

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Where did you see that?

Triple_Bagger said:

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bmoochie said:

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How would you hedge in this instance if you are selling puts? I can't visualize it so I am a tad confused.

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I don't sell puts on SAVA, but if I did I would hedge by buying a put a few strikes below the one I sold (just in case it goes to $0).

I own shares and sell CCs against them. I hedge my shares with puts and try to buy them after SAVA goes on a run.

For example, SAVA spiked two weeks ago and the 12/17 P50s dropped to 3.00. This was a good time to buy the P50s because they're 11.00 today. All of my shares were bought under $50, and $50 has been a strong support/resistance since February, so that's the level I like to work around. Now that I have some cheap 12/17 P50s, I can roll them to next year using profits from the recent drop.

When SAVA spiked 2 weeks ago, I sold C50s against my shares to capture profit and premium. I like this better than selling the shares because I get a little more profit with the premium and I can also roll the contract for more premium if the stock price doesn't come back down before expiration.

I think SAVA continues like this until they get approval of Simufilam or the fraud accusations are proven true.

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Keep in mind, the citizen's complaint to the FDA has a timeline for FDA response in the mid-Jan to mid-Feb timeframe.

That's going to be a huge point on this - the FDA finds it credible, this thing is crashing and it makes sense to buy some puts to protect your shares cratering.

FDA finds it lacks merit and says SAVA all good, you're going to get a moonshot over $100.

Ferris Wheel Allstar said:

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AgShaun00 said:

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Legalize-It-Ags said:

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Danwell Home said:

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Ohhhh SAVA **** you

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Im right there with you. Just average down and stay strong. There will eventually be a squeeze.

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didn't baylor say that stock is a fraud?

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Where did you see that?

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He posted that maybe a month ago. He wasn't certain but thought fraud was probable given the evidence.

ROKU cleared that gap, think I'm going to sell puts for Dec or Jan around 275 if the premium is right

RIVN free falling today.

Triple_Bagger said:

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bmoochie said:

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How would you hedge in this instance if you are selling puts? I can't visualize it so I am a tad confused.

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I don't sell puts on SAVA, but if I did I would hedge by buying a put a few strikes below the one I sold (just in case it goes to $0).

I own shares and sell CCs against them. I hedge my shares with puts and try to buy them after SAVA goes on a run.

For example, SAVA spiked two weeks ago and the 12/17 P50s dropped to 3.00. This was a good time to buy the P50s because they're 11.00 today. All of my shares were bought under $50, and $50 has been a strong support/resistance since February, so that's the level I like to work around. Now that I have some cheap 12/17 P50s, I can roll them to next year using profits from the recent drop.

When SAVA spiked 2 weeks ago, I sold C50s against my shares to capture profit and premium. I like this better than selling the shares because I get a little more profit with the premium and I can also roll the contract for more premium if the stock price doesn't come back down before expiration.

I think SAVA continues like this until they get approval of Simufilam or the fraud accusations are proven true.

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So essentially a put credit spread in this case? Got it now, don't know why it wouldn't click at first. I only have 50 shares right now so will probably average down to get to the even 100 to start selling a CC.

redneckag said:

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RIVN free falling today.

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TSLA sucking the air out of the room in that space today.

AgShaun00 said:

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Legalize-It-Ags said:

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Danwell Home said:

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Ohhhh SAVA **** you

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Im right there with you. Just average down and stay strong. There will eventually be a squeeze.

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didn't baylor say that stock is a fraud?

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No clue. I just know that the Journal of Neuroscience came out and vindicated SAVA of any data manipulation.

AG 2000' said:

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Thought Baylor said it was more that he couldn't see this drug changing things significantly for patients. ie. the disease is so bad once it gets to that level that nothing's stopping it.

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The drug is useful for people with early diagnosis'. It blocks production of the protein that causes AD. So if you have had AD for a while, it wont repair the brain damage, but it will stop the production of the protein that causes AD. It can easily add 10-15+ years of life to so many people. This is groundbreaking medical advances. I wish more people could see what is actually going on. This might be one of the greatest medical achievements of the 21st century.

Legalize-It-Ags said:

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AG 2000' said:

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Thought Baylor said it was more that he couldn't see this drug changing things significantly for patients. ie. the disease is so bad once it gets to that level that nothing's stopping it.

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The drug is useful for people with early diagnosis'. It blocks production of the protein that causes AD. So if you have had AD for a while, it wont repair the brain damage, but it will stop the production of the protein that causes AD. It can easily add 10-15+ years of life to so many people. This is groundbreaking medical advances. I wish more people could see what is actually going on. This might be one of the greatest medical achievements of the 21st century.

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I'm a fan and investor in theirs, so rooting heavily for lots of reasons.

I do believe their data that they can improve things for 6-9 months at this point. Even that seems like a win with Alzheimers.

AG 2000' said:

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Legalize-It-Ags said:

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AG 2000' said:

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Thought Baylor said it was more that he couldn't see this drug changing things significantly for patients. ie. the disease is so bad once it gets to that level that nothing's stopping it.

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The drug is useful for people with early diagnosis'. It blocks production of the protein that causes AD. So if you have had AD for a while, it wont repair the brain damage, but it will stop the production of the protein that causes AD. It can easily add 10-15+ years of life to so many people. This is groundbreaking medical advances. I wish more people could see what is actually going on. This might be one of the greatest medical achievements of the 21st century.

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I'm a fan and investor in theirs, so rooting heavily for lots of reasons.

I do believe their data that they can improve things for 6-9 months at this point. Even that seems like a win with Alzheimers.

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Considering there is no real good treatment on the market, its a significant win. Imagine being the manager of one of the hedge funds shorting SAVA (looking at QCM) and finding out that you are diagnosed with AD. I doubt they would be so quick to try and publish FUD against them.

Lotto idear:

AAPL 155C's I got .23, ymmv (but keep it small)

it's in breakout mode and loads of flow

Took 12/17 ROKU 280c here. Carrying a 6.25 avg

I'm in as well. Watching it tightly.

$TSLA is just such an amazing equity.

McInnis 03 said:

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$TSLA is just such an amazing equity.

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I thought the swings on SAVA were wild.

Playing options on this over the past two weeks has been one hell of a ride.

Correct, a put credit spread is the only way I'd feel comfortable selling puts on SAVA. You can still get good premium doing this.

wanderer said:

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UWMC with a $50M secondary offering. Down ~9% today

An offering when your stock is already at an ATL.....that doesn't sound like a good thing.

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The reaction to this is weird to me, maybe someone else can expand on it.

They announced that UWMC is buying all those shares with cash on hand. Controlling shareholder selling off 50 million shares, all being bought by UWMC.

This does draw down 100 of the 300 million cash they had previously announced as authorized for share buybacks.

Seems like they are retiring some shares no?

BREwmaster said:

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Lotto idear:

AAPL 155C's I got .23, ymmv (but keep it small)

it's in breakout mode and loads of flow

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Missed my fill at .23 by a penny and now they're at .49, hate when that happens but great call here

Spoony Love said:

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I'm in as well. Watching it tightly.

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Tons of AAPL flow rolling in now

Nice catch Brew. Nice entry and couldn't believe it when I saw that strike cost.

Recovered my capital and little profit and have runners left for the remainder of the week. I'll likely get out if we see $155

I have been out of pocket a lot lately.
What the heck happened with ELOX?

Missed the entry and still rode them from .46 to .70, thanks Brew!

wanderer said:

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UWMC with a $50M secondary offering. Down ~9% today

An offering when your stock is already at an ATL.....that doesn't sound like a good thing.

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Why would they do that. They just had a stealar call? Something doesn't seem right here.

Picked up some fruit 152.5c for 1.05 earlier, just went net free, took profits at 2.25 and leaving a couple runners. I can't remember the last time the fruit didn't burn me.

Legalize-It-Ags said:

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AG 2000' said:

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Legalize-It-Ags said:

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AG 2000' said:

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Thought Baylor said it was more that he couldn't see this drug changing things significantly for patients. ie. the disease is so bad once it gets to that level that nothing's stopping it.

---

The drug is useful for people with early diagnosis'. It blocks production of the protein that causes AD. So if you have had AD for a while, it wont repair the brain damage, but it will stop the production of the protein that causes AD. It can easily add 10-15+ years of life to so many people. This is groundbreaking medical advances. I wish more people could see what is actually going on. This might be one of the greatest medical achievements of the 21st century.

---

I'm a fan and investor in theirs, so rooting heavily for lots of reasons.

I do believe their data that they can improve things for 6-9 months at this point. Even that seems like a win with Alzheimers.

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Considering there is no real good treatment on the market, its a significant win. Imagine being the manager of one of the hedge funds shorting SAVA (looking at QCM) and finding out that you are diagnosed with AD. I doubt they would be so quick to try and publish FUD against them.

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I remember Baylor's post now.

I agree with the bold. If Biogen can go crazy on lesser results, I am holding out hope for SAVA