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Post by jamesjohnson12 on Mar 3, 2021 13:00:54 GMT
Thoughts on how t o trade this today? I’ve got a decent amount of $10 calls. Obviously very happy to see the premature reaction, but worried about a sell the news this morning. Leaning towards selling half to secure profits and letting half run to see if we get a WSB squeeze today lol. Stocktwits is going bananas, which I’m not confident is a good thing, but there are definitely a lot of eyes on it. My goal was to sell at $20 upon FDA approval and never look back. That changed once I got cold feet a few days ago and sold at $11. No regrets there either. However, if I were to still be holding shares at this very moment, I would still be looking to sell a good portion and lock in profits at the very least. JHam, Thanks for the input and confirmation. I am committing to sell about 2/3 as soon as I can assuming the stock holds up decently. I was at the gym thinking I would do it when I get home. Lo and behold, I forgot that you can't trade options premarket (I rarely trade options at all) haha...so I am keeping fingers crossed that price holds around $17 thru open. That would be a solid profit and take all the risk off the table and is a smart, disciplined approach. Then, I am not glued to the ticker all day and can have fun with it no matter what happens.
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Post by magnus123 on Mar 3, 2021 14:02:49 GMT
There are at least no worries about a partnership. That is all in place.
I will nevertheless take profits.
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Post by magnus123 on Mar 3, 2021 14:12:42 GMT
My goal was to sell at $20 upon FDA approval and never look back. That changed once I got cold feet a few days ago and sold at $11. No regrets there either. However, if I were to still be holding shares at this very moment, I would still be looking to sell a good portion and lock in profits at the very least. JHam, Thanks for the input and confirmation. I am committing to sell about 2/3 as soon as I can assuming the stock holds up decently. I was at the gym thinking I would do it when I get home. Lo and behold, I forgot that you can't trade options premarket (I rarely trade options at all) haha...so I am keeping fingers crossed that price holds around $17 thru open. That would be a solid profit and take all the risk off the table and is a smart, disciplined approach. Then, I am not glued to the ticker all day and can have fun with it no matter what happens. You can secure your option profits with selling some shares short in pm or ah. Unfortunately, all available shares were borrowed out at IB this morning.
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Post by jamesjohnson12 on Mar 3, 2021 15:28:31 GMT
JHam, Thanks for the input and confirmation. I am committing to sell about 2/3 as soon as I can assuming the stock holds up decently. I was at the gym thinking I would do it when I get home. Lo and behold, I forgot that you can't trade options premarket (I rarely trade options at all) haha...so I am keeping fingers crossed that price holds around $17 thru open. That would be a solid profit and take all the risk off the table and is a smart, disciplined approach. Then, I am not glued to the ticker all day and can have fun with it no matter what happens. You can secure your option profits with selling some shares short in pm or ah. Unfortunately, all available shares were borrowed out at IB this morning. That's a good point and I had considered it, but had already missed the quick jump to $20. I sold above $17 which was my goal so I am happy. We'll see if things get interesting this afternoon for the 1/3 I still hold.
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Post by selluwud on Mar 3, 2021 15:36:55 GMT
I sold my remaining 1/3 this morning with a tidy profit. No regrets selling the other 2/3 yesterday at a lesser profit. Sure beats some other deals I've been in!
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Post by magnus123 on Mar 3, 2021 15:37:56 GMT
You can secure your option profits with selling some shares short in pm or ah. Unfortunately, all available shares were borrowed out at IB this morning. That's a good point and I had considered it, but had already missed the quick jump to $20. I sold above $17 which was my goal so I am happy. We'll see if things get interesting this afternoon for the 1/3 I still hold. I sold all of my $10 this calls and rolled some house money into $22.5 calls a few seconds ago Only playing with miniscule position sizes there.
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Post by JHam on Mar 3, 2021 16:17:39 GMT
Congrats to everyone! I’d say this stock was a smashing success for everyone here, especially considering we only opened this thread a month ago.
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Post by JHam on Mar 3, 2021 16:18:26 GMT
That's a good point and I had considered it, but had already missed the quick jump to $20. I sold above $17 which was my goal so I am happy. We'll see if things get interesting this afternoon for the 1/3 I still hold. I sold all of my $10 this calls and rolled some house money into $22.5 calls a few seconds ago Only playing with miniscule position sizes there. That would be something if those hit.
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Post by JHam on Mar 3, 2021 18:25:45 GMT
Welp, KMPH is back in the $12s heading lower. I can’t imagine that all of those who were pumping like crazy and who didn’t sell anything into the run-up pre-market are happy about this. The writing was on the wall. Sure there could be a buyout in the future, but nothing is guaranteed, and that could be ways off now. So glad I finally learned how to not get married to stocks (took a while) Congrats again to everyone here!
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Post by jamesjohnson12 on Mar 3, 2021 19:02:27 GMT
Welp, KMPH is back in the $12s heading lower. I can’t imagine that all of those who were pumping like crazy and who didn’t sell anything into the run-up pre-market are happy about this. The writing was on the wall. Sure there could be a buyout in the future, but nothing is guaranteed, and that could be ways off now. So glad I finally learned how to not get married to stocks (took a while) Congrats again to everyone here! Yep, this is spot on. Definitely glad I took profits on the calls. Have a small amount of house $ riding just to see what happens, but not sweating a thing. Props to Jham and crew for finding this one - was definitely a fun, profitable trade (and quick too!).
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Post by magnus123 on Mar 11, 2021 20:06:43 GMT
I bought a lottery call for todays earnings release. If they clarify the agreement with Corium (milestone payment and royalties), KMPH could see a nice rally. Only a very small position.
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Post by magnus123 on Mar 15, 2021 18:35:30 GMT
My KMPH calls were almost worthless today, but now KMPH is skyrocketing after Will Meade mentioned KMPH on Twitter as a potential GME 2.0. Crazy volume coming in, but not sure how long that will last.
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Post by magnus123 on Mar 15, 2021 18:45:41 GMT
My KMPH calls were almost worthless today, but now KMPH is skyrocketing after Will Meade mentioned KMPH on Twitter as a potential GME 2.0. Crazy volume coming in, but not sure how long that will last. Sold everything. A lot of luck for me that he pumped KMPH today
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