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Old 07-24-2020, 07:37 PM   #341
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Late to the party...Net debit $17.85 on the $25 calls.
Nice, you went out to the $25s.

I probably would have been tempted to sell a lower strike than that with the stock trading near $21, to try and limit my loss if things go south. Maybe the $25 had good premium though, I didn't check today.
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Old 07-25-2020, 10:19 AM   #342
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Originally Posted by Fermion View Post
Nice, you went out to the $25s.

I probably would have been tempted to sell a lower strike than that with the stock trading near $21, to try and limit my loss if things go south. Maybe the $25 had good premium though, I didn't check today.
Good point - I considered a lower strike play but went with $25.

I only have 400 shares at risk, so if share price tanks to $11/share after earnings miss I'm down about $2800 from my net debit after premium. I don't need cash right now so I can wait if needed.

I'm hoping that price remains fairly level or recovers after earnings and I can try the same strategy again next month.

We'll know soon enough!
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Old 07-26-2020, 08:19 PM   #343
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Fermion,
Have you heard of a gene therapy company called Advernum (Advm)?
It’s been running phase 1 and phase 2 trials on single injection gene therapy for wet AMD and Dme.

So far the studies seems to be showing pretty positive results. The company has a plenty of cash ($297M) and a little debt.

I read they were partnering with Regeneron but can’t seem to find any more info on that. Right now, only wet Amd treatment seems to either monthly or every two monthly eye injections. I would like to hear your opinions on the company. Thx!
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Old 07-30-2020, 10:43 AM   #344
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What a stroke of luck. I bought back into SGMO yesterday, 500 shares and today the announced a collaboration with Novartis. Stock up close to 15% this morning.

*Sangamo Therapeutics shares are trading higher after the company announced a global collaboration with Novartis to develop genomic medicines for autism and other neurodevelopmental disorders. Sangamo will receive a $75 million upfront payment and is eligible to receive up to $720 million in potential milestones.
Benzinga
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Old 07-30-2020, 10:51 AM   #345
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What a stroke of luck. I bought back into SGMO yesterday, 500 shares and today the announced a collaboration with Novartis. Stock up close to 15% this morning.

*Sangamo Therapeutics shares are trading higher after the company announced a global collaboration with Novartis to develop genomic medicines for autism and other neurodevelopmental disorders. Sangamo will receive a $75 million upfront payment and is eligible to receive up to $720 million in potential milestones.
Benzinga

Thanks. I was just looking earlier for news on SGMO as to why the big up day. Couldn’t find anything.

I bought in about a month ago for 3400 shares at $9.05. Went up very well. But had a huge drop yesterday. So the big up day today is nice, although it’s been a wild ride.
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Old 07-30-2020, 01:53 PM   #346
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I bought 3000 shares of SGMO in taxable yesterday for $10.20 and sold them today for $11. Didn't catch either the low or the high but I am ok with that.

At this rate I am going to be stimulating the IRS again. I already sent them a $15,000 stimulus check earlier this month.
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Old 08-06-2020, 11:36 AM   #347
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SGMO is way up today. At 52 week highs. Wondering if I should sell or keep riding it?
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Old 08-06-2020, 11:59 AM   #348
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I think there's a lot of room for growth still. Having said that, I got cold feet before today and got out after taking a quick ~10% profit. Wish I would have stayed.
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Old 08-06-2020, 12:07 PM   #349
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I have enough risk right now with my ITCI covered call play. August 10 is the date for their earnings so we will see if lady or the tiger.
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Old 08-06-2020, 12:49 PM   #350
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Fermion - GILD < $69/share. Good time to nibble?
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Old 08-06-2020, 12:52 PM   #351
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Fermion - GILD < $69/share. Good time to nibble?
Yes, I nibbled...more like chomped...I bought 2000 shares at $68.90 today
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Old 08-06-2020, 02:14 PM   #352
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Yes, I nibbled...more like chomped...I bought 2000 shares at $68.90 today
Yep - 2000 shares is a CHOMP!!

I bought 300 shares around the same price. Grabbed 100 more at $68.81 before market close.
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Old 08-06-2020, 02:16 PM   #353
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Western Digital down about 16% today. Seems like a tempting play to me...
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Old 08-06-2020, 03:04 PM   #354
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I have enough risk right now with my ITCI covered call play. August 10 is the date for their earnings so we will see if lady or the tiger.
What's your guess? Market seems to have lost confidence and indicating earnings won't be good.
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Old 08-06-2020, 06:05 PM   #355
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What's your guess? Market seems to have lost confidence and indicating earnings won't be good.
I don't know...so hard to predict. Look at Sangamo...it went to $9 something a few days ago then at earnings went to $12.50...does the market know anything anymore?
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Old 08-07-2020, 07:22 AM   #356
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Yep - 2000 shares is a CHOMP!!

I bought 300 shares around the same price. Grabbed 100 more at $68.81 before market close.
I only bought these for a trade, not a long term hold, so may dump soon (even today if the Pfizer deal gives it a bit of a pop).

My goal is to hold zero biotech going into these elections and then see what happens.

There is a pretty strong backlash against any type of profit made off of the virus from biotech, even though it seems to be ok for other companies to make big profits from increased streaming, online sales, etc. It makes it very risky to hold some of these pharma.
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Old 08-07-2020, 07:34 AM   #357
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I don't know...so hard to predict. Look at Sangamo...it went to $9 something a few days ago then at earnings went to $12.50...does the market know anything anymore?
That pop yesterday was enough encouragement to unload. Now watch it go to $15 I put that money to work in RKT, has paid off so far.
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Old 08-07-2020, 08:41 AM   #358
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I only bought these for a trade, not a long term hold, so may dump soon (even today if the Pfizer deal gives it a bit of a pop).

My goal is to hold zero biotech going into these elections and then see what happens.

There is a pretty strong backlash against any type of profit made off of the virus from biotech, even though it seems to be ok for other companies to make big profits from increased streaming, online sales, etc. It makes it very risky to hold some of these pharma.
I'm not looking at a long term hold for GILD, just hoping to benefit from volatility. (I held GILD from 2017-2018 and finally realized the stock was never going to take off. I finally sold off and bought CELG.)

I grabbed a few shares of SGMO at $11.77 earlier. Not a lot just wanted a presence.
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Old 08-07-2020, 09:39 AM   #359
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That pop yesterday was enough encouragement to unload. Now watch it go to $15 I put that money to work in RKT, has paid off so far.
I hope so. I bought awhile back at $9, and have a limit sell order in for $13.50. A quick 50% wouldn't hurt. But I only bought 500 shares, so it's not going to upgrade my retirement either.
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Old 08-10-2020, 07:20 AM   #360
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Looks like a meh report from ITCI and a delay in reporting some trial data, which means all the August calls we wrote are going to totally collapse in value today (good), but the stock isn't going to skyrocket (bad). Overall it looks like the trade is going to stay profitable, with the stock staying in the $19 to $20 range and the calls going to zero. Most seem to have done the buy-write for a ~$18 net debit.

Of course there are still 11 days left.
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