Hey probiz ..Only just joined HC . hence the delay from origin a few days back .....I was trading oopsies for extra leverage some time back , unfortunatley I was also thinking it was as easy as it sounds. After several pairs of Jocks with oopsies got binned, i learned that there were far more things to consider other than the enormous profit they offered..... I am sure u have done ur research but I just wanted to mention for others to take care before jumping in feet first ...........Not saying anything wrong with FDL , Dont Know .... Just looking at the numbers u provided in ur transaction
To keep it short ill just summarise for now.
Better to do ur own working out anyway.
The key point is the 3c premium that will evaporate closer to expiry and time frame remaining
SP on FDL will need to go up 43% verry fast ie to 16.5c
before the oopsies even begin to kick in
You must be ultra confident FDL will deliver
However, at say 14c ur origional heads are worth $95200
ur new position with oopsies are only now $78400
Remember THE PREMIUM !!!!!
There are many more big risks that mostly get ignored
Maybe Later !!! if anyone is interested !
FDL
flinders diamonds limited
