Ann: ANZ Wealth Management updated financial information, page-26

@ Transversal. Had to recheck myself there. But all googling says a synthetic long is buying a call and selling two puts in ratio at same price. Buying a call is what you have done. Delta is implied volatility whereby a delta of one is whereby the stock moves up a dollar and strike price of options moves up a dollar or vice versa. A delta of 0.01 is where the stock moves up a dollar and the strike price of options moves a cent. Put options work same same but are valued from 1 to minus 0.99. I used to be mad on options made lots. 68 k in one month was my best. Lost 228 k in two months was my worst. But stress is unbelievable when dealing being exercised. Sometimes the commission was $3000 on 500k tranches. But can look any one in the eye and said it was part of my life for a decade. Now it's all sedentary. As you I try and find value and instantaneous appreciating share holding. I probably research and talk to people like yourselves much more often now. Back then I had no one to chat to about what price RIO or IFL would be at in two months time. Keep researching. Let me know the goss.