Mind Medicine MindMed Inc (MNMD) Options

I believe MindMed's FDA Breakthrough designation is going to increase value at breakneck speeds.
https://www.fool.com/investing/2024/04/25/this-small-cap-stock-is-up-150-this-year-and-heres/

Another recent bullish article.
https://investorplace.com/2024/04/the-top-3-small-cap-stocks-to-buy-in-april-2024/

Shroom boom is coming, only a matter of time!
https://www.nationalgeographic.com/premium/article/psychedelic-medicine-veterans-ptsd-anxiety-depression

Stop making shittz up! This stock is EASY $30 per share by measuring it to other companies that were in similiar circumstances such as ENTERING FDA PHASE 3 and ACHIEVING FDA BREAKTHROUGH DESIGNATION! MindMed is wayyyyyyy UNDERVALUED!!!!!

Only if Re/De-Scheduled or Major News
This was overbought after the FDA breakthrough announcement, and rightfully so because barring the dilution MNMD would probably be on the moon by now at 25-50pps

I think MNMD drifts a bit and worst case closes the big gap at 6-7pps. This is only short term as I full expected a moonshot here once Phase 3 news starts to materialize and eventually more info on MM-120 getting to market.

In the meantime, this volatility is excellent for generating cash. I’m not usually a day trader but it’s pretty easy to scalp a couple hundred $ and sometimes a few thousand per day by selling covered calls. I would never short the equity or sell naked calls on a biopharma but sell covered calls, close the intraday or next day, rinse and repeat.

Good times!

Oversold, ready for a bounce back to $11

Early Barchart 100
https://www.barchart.com/stocks/performance/percent-change/advances?orderBy=percentChange&orderDir=desc

Watch this.... https://www.hcplive.com/view/daniel-karlin-md-fda-grants-breakthrough-designation-to-mm120-for-anxiety

No worries here my friend. Keep buying on this side!

Keep your eye on the prize my fellow MindMed shareholders. A company with a similar profile was bought out for $14 billion while still in FDA Phase 3 clinical trials and WITHOUT FDA Breakthrough designation! Know what you own! Stay well my people!
https://www.biopharmadive.com/news/bristol-myers-karuna-acquire-schizophrenia-kar-xt/703313/

Closed the Calls at .4
I’m happy with the returns but not too happy with the overall close for the week. Losing the 10 mark is always unsettling. Short term I would not be surprised to see MNMD drift lower. There are rumblings about significant federal action next week to re or de-schedule cannabis and psychs but that’s nothing new until the government finally takes action with legislation. For reals tho, if the FDA is saying psyches and cannabis have medical applications it’s about f**king time to do something. It would be incredibly embarrassing, and a potential liability if MNMD had a great Phase 3 trials and was ready to go to market but inane, outdated laws prevented the company from doing so!

Vomit.

So Close to Covering My Short Calls
Since the FDA BTD designation I’ve been hammering the Apr 19 10c….sell to open, buy to close, profit, rinse and repeat. Easy money with the recent volatility. I’m on what will be my final trade on those covered calls….sold to open last week, 10 contracts for 1.75per. This dip may be the opportunity to close but I’m looking to cover at .50 or lower. Even though I’m fine selling at 10pps I really don't want the shares to be called away. Either way, I’m stoked and this volatility is awesome!

So Close to Covering My Short Calls
Since the FDA BTD designation I’ve been hammering the Apr 19 10c….sell to open, buy to close, profit, rinse and repeat. Easy money with the recent volatility. I’m on what will be my final trade on those covered calls….sold to open last week, 10 contracts for 1.75per. This dip may be the opportunity to close but I’m looking to cover at .50 or lower. Even though I’m fine selling at 10pps I really don't want the shares to be called away. Either way, I’m stoked and this volatility is awesome!

Buck Yeah! This article compares MindMed to Gold and Costco! Yacht Week is coming soon!!!!!!!
https://moneymorning.com/2024/04/10/three-stocks-mindmed-gold-and-costco/

High times ahead.....for the share price lol

That is huge if true!

News Coming Over the Next Few Days?
Rumblings about some major changes coming to over the next week.

Some of the CA dispensary owners I consult with have been told by the state that there is eminent federal action.

Not sure what this means but might be the big one we’ve all been waiting for

Shroom Boom incoming.....but only for MindMed!!!!!!!!!!

lol true dat

go big or go home! :)

I’m cool with it sitting here for a bit, as we all know it’s either gonna be a 100x or bust

They now look a lot worse. Had to sell my calls at a small loss. Can’t take the risk.

Very disappointing.

I’m cool with it sitting here for a bit, as we all know it’s either gonna be a 100x or bust

shhhh pps goes down whenever confidence increases LOL

besides, RSI was overbought yesterday at 70ish

This should be fairly priced at $30 ! ! !

Yeah saw that $13.20 pre market trade.. thought dang this may go up today

Idiots selling this morning. Was north of 13.

Thanks. May grab some of those today. Good luck.

Captain 🧑‍✈️ we’re about to takeoff 🛫
Get your coffee ☕️

Congrats
Got 10$,14s and 15 calls

Going 20s soon monster day

AWESOME DAY!!!
HUGE GAINS AND CLIMBING!!!
OUR VALUATION IS ABOUT TO LIFT-OFF!!!

Grabbed 4/19 11c for 1.30

MNMD new 52 hi
Institutional support
Next day settlement begins 5/28

Buy calls 💥

14 next

nice move today, but wish it was with greater/rising volume.

>

Are you talking about yesterday's filing?

https://www.sec.gov/Archives/edgar/data/1813814/000119312524084762/d786821ds3.htm

Another round of shares

That sounds about right

I haven't heard of an offering and they just had one about a month ago. I think they have enough cash to carry them through Phase 3 and beyond.

What offering are you talking about? Thanks

That would be nice. Binary stocks ultimately will depend on fda approval of said pharmaceuticals in pipeline.

I expect a bit of volatility since it's an election year.

And, MNMD is going to try raising extra cash with a new common share offering? Which will dilute?

I honestly think that this will sail into the $30s soon and trade in that range until bigger news and or bigger investors come about.

Some resistance at 11
was overbought 3/7/24, 3/18 and 3/24
normal to get a pullback here to fill gap
just my 2 cents
am happy w/ recent buying, but still needs to go to $20 for it to make up for "losses" from reverse split...

I think he's some sort of AI bot or he just has a ton of free time to selectively copy and paste BS. Shoot me an email and we can talk more on there savannah_marc@aol.com

Doesn't bubae seem angry that peeps are buying?

The bashing at BEGI has gotten so desperate that it has spilled over to other boards now lol

Only stupid people say others are stupid......

Look up what Karuna Therapeutics got bought out for, makes $40 a share look like chump change!!!