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Posted On: 07/02/2020 2:11:55 PM
Post# of 36519
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Sorry I haven’t been around, I’ve been trading a bunch of other stocks and options and since GNBT was not moving, I haven’t been checking in. One One stock I saw in after hours last night is symbol CEMI. I saw trades going by and took a look at the news and they are going to release information about their Covid Monday night after the bell and have a conference call Tuesday morning 8 AM. So I start to look at the stock price and see that they were up as high as 14 not too long ago. They have a test kit for Covid antibodies, but the FDA remove their approval a few weeks ago because their success rate was only 50%. I’m thinking the news is going to be good news if they’re releasing it Monday after the clothes and then having a conference call Tuesday morning before the market opens. So I’m taking a chance and I bought 3200 shares of stock that I’m up on right now and I bought 200 of the July 17th five dollar calls at an average of 47.5 cents. I am not at all telling you to buy that stock option because I’m in it, just letting you know what I’m looking at in case anyone else sees what I see and wants to take a shot at it.
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.