Iron ore price, page-3061

Hi tbo350. We had a chat the other week about writing cash covered put options. It convinced me to look into this in detail and I have set up a spreadsheet and started papertrading and researching these to try and model an optimum approach. I let you know in time my findings.

At a practical level though, I'm curious to understand how you manage your positions with the latest news. I think you had a view of 5.50 to 5.60 anyway, but in times of uncertainty do you close out or hold on regardless and take the stock if triggered?

Just a technical view fwiw, but FMG goes on long trends in each direction, and with the break of its uptrend now, there is significant risk of decline here as funds step back until the strategic direction becomes clearer.

I'm less interested in debating the outlook for the stock, I have my own clear thoughts on what will happen, rather I'm interested in a live example of an experienced put seller when confronted by a stock difficulty, do you hegde it, close out and take any loss, plough on and ignore it and deal with any issues after taking the stock.

Interested in your thoughts. Thanks.