depends on type of position.....I prefer derivative exposure. Don't hold (yet) but took a small call exposure @ $9.25 for aug expiry (well after result release).
deep in money now .
figured Id play the gamble on results in Aug with minimal downside $ committed. why invest any significant dough when this can swing either way....rather just risk a rounding error of dough on a substantial call position, almost perfectly hedged with a three month expiry (with upside div potential should i exercise - as insignificant as it is).
if it turns again for the worst, still can close position with time value residual.
DYOR - not advice.
QBE Price at posting:
$9.70 Sentiment: None Disclosure: Not Held
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