Duh!
What part of "hedge" is unclear to you?
"I went long amp and ncp today. This is not because I think they are cheap, but because I needed to hedge my portfolio of puts and written calls. NCP because it is a proxy for nasdaq, and AMP cos it is a proxy for FTSE.
If these calls rally tomorrow, I will write calls at a higher strike. This then means I cannot possibly lose money on the deal. I still make money if the stocks rally, but if they dont I lose nothing, and have obtained cheap insurance for the next month. This is exactly what I did last month. And it cost me NOTHING.
If the markets keep tanking my puts and written calls will keep me laughing at hell for a while yet."
Advice to crashy. Sell those AMP calls now!, page-10
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Last
$1.11 |
Change
0.015(1.37%) |
Mkt cap ! $2.913B | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.11 | $1.09 | $5.090M | 4.611M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 113739 | $1.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.12 | 150106 | 8 |
View Market Depth
| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| AMP (ASX) Chart |