Sell put is like sell insurance to the longs, if SP goes up, the seller doesn‘t make any money. He can only sell puts if SP goes down, why do you think the seller is always negative on FMG, and said longs are ramping even when SP was clearly bottomed out early July. Don‘t believe you can make money both ways, it‘s not true. I suggest all posters who has no idea about put options don‘t believe the "hype" you read, if you have $1M in capital, if bought FMG at $5, you would be looking at $200k profit today, $34k is peanuts really for a $1.5M investment. Blackeye saw this very very early and point this out on HC, a seller of put is just a "shorter" who is always negative on FMG regardless where FMG‘s SP at.
DYOR.
Frank.
Iron ore price, page-2622
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Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38056 | $20.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 20000 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |