Hi all, been holding for a few years now and sitting on nice unrealised gains. I subscribe to the theory that a decision to hold is the same as a decision to buy, and right now I am not sure I would buy my current holding at today's price with the downside risk associated with the trial results.
I am considering taking out some downside insurance by selling half my holding and buying an equal number of mini warrants:
https://au.citifirst.com/EN/Products/MINIs/SIRTEX_MEDICAL_LIMITED/SRXKOC/
I have never used derivatives before, but I've never had a large unrealised gain worth insuring before. Any thoughts on using the above for insurance at the moment? I understand that they limit the downside to about $26 being the current stop-loss level. BTW, I also cannot find the interest rate applicable to these at the moment?
To be honest, I am not sure I will do this but am interested in what others think, and also might prompt some people to consider if these are right for them at the moment.
Cheers,
oakeyflat
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17.5¢ |
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Mkt cap ! $74.27M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
5 | 3042905 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 2408216 | 39 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 3042905 | 0.175 |
6 | 1607688 | 0.170 |
1 | 18186 | 0.165 |
1 | 11500 | 0.145 |
1 | 2577 | 0.097 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 2408216 | 39 |
0.185 | 109200 | 8 |
0.190 | 206523 | 9 |
0.195 | 20478 | 2 |
0.200 | 528703 | 9 |
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