Hi,
just to share my thoughts.
I have 12,500 WOR and have a 'hold' sentiment on them with short term volatility expected. rather than sell into today's rally, I have sold call warrants.
Here is the trade.
Own 12,500 x WOR stock
Sold 125 x July 28 2016 A$8.25 Calls @ A$0.23.
This gives me 12,500 x A$0.23 = A$2,875 cash premium into my account. The payoff is if the stock trades above A$8.25 by July 28, I may have to sell my stock at A$8.25. That would result in me having a 'sale ceiling' of A$8.25 + the A$0.23 premium - so my effective sale price would be A$8.48.
If the stock rally does not stay, then I keep my premium, and my buy-in price is effectively reduced by A$0.23 per share.
Happy for any comments or thoughts on this trade.
Cheers
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Last
$15.09 |
Change
0.190(1.28%) |
Mkt cap ! $7.944B |
Open | High | Low | Value | Volume |
$15.06 | $15.14 | $14.97 | $6.553M | 434.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 542 | $15.09 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.10 | 3401 | 21 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1 | 15.080 |
11 | 4434 | 15.070 |
8 | 3168 | 15.060 |
15 | 7141 | 15.050 |
8 | 7075 | 15.040 |
Price($) | Vol. | No. |
---|---|---|
15.090 | 1191 | 8 |
15.100 | 4318 | 24 |
15.110 | 4581 | 12 |
15.120 | 6204 | 11 |
15.130 | 9488 | 11 |
Last trade - 12.41pm 29/07/2024 (20 minute delay) ? |
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