yeah thats right KEN. Even taking that into account its alittle risky i think. I would wait to see if $35 will support the underlying. If it doesn't then RIO confirms its downtrend and you would be looking a lot lower for its next really strong support. I sold $36 calls for $1 on thursday. I am nicely in the money ATM. The stoch is getting a little oversold now and i may buy them back soon. If they stay under $36 till the 10th then they will be a safe bet i think.
I am looking at the XJO atm. The options cease trading on the 19/3 so if you pick the right direction then time decay will eat into the premium quickly.
Kman
heading to 35.30 support, page-4
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Last
$119.83 |
Change
0.210(0.18%) |
Mkt cap ! $44.48B | |||
| Open | High | Low | Value | Volume |
| $120.07 | $120.83 | $119.58 | $109.7M | 913.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1400 | $119.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $119.85 | 729 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |