hey guys as i am relatively new to investing i am wondering if someone would be willing to answer a few questions i have. i have never invested in options so i am completely clueless about them.
here is background: i have 70k shares in MGU. avg is 17.5. currently down 7 grand and have 5k equity.
1. if MGU was to go back to 17.5c (equivalent to MGUO .12c) i would be break even.
2. if i was to sell my 70k MGU shares at a 7k loss and then PURCHASE MGUO at .025 tomorrow with my 5K, i would then have 200K shares in MGUO.
3. HENCE, if MGUO was to return to avg 12c i would be pocketing 19K ! Less the 7k i lost from MGU, i would be PROFIT 13K just for MGUO going back to 12c, which is equivalent to MGU 17c my avg.
So i am wondering if someone could answer me this. i believe mgu will go back to 17.5c. so if that happens then MGUO will go back to .12c. so tell me why i wouldnt just sell my mgu shares at a loss and instead of waiting for breakeven MGU why wouldnt i just sell and buy MGUO which would make me profit by returning to avg share price.
it would take MGUO to go from .025 - 6c for me to win back my MGU loss of $7k.
it takes MGU to go from .6c to 17.5 to break even.
either i am a genius or a complete dumba$$ but is this too good to be true ?
- Forums
- ASX - By Stock
- MGU
- MGUO
MGUO
-
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MGU (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.902M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $5.958K | 541.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 184567 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 183210 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 184567 | 0.011 |
11 | 1691778 | 0.010 |
6 | 1603311 | 0.009 |
6 | 1041300 | 0.008 |
2 | 311111 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 183210 | 2 |
0.013 | 151423 | 1 |
0.014 | 1140071 | 5 |
0.015 | 1141323 | 4 |
0.016 | 67241 | 1 |
Last trade - 15.01pm 07/10/2024 (20 minute delay) ? |
Featured News
MGU (ASX) Chart |