Factor
I think Stokes is still in with his 25M Aug 315 Calls where breakeven is approx 325 (he may own more than that now) - open interest for these calls is still 38M - biggest negative open interest move for these calls since NBN deal was announced was 100K on one day
I don't think he would have bought the calls as a hedge strategy as he bought them when SP was under $3 in late May and he knew that there would be a SP pop when NBN deal was announced - ie, he could have sold his call options when they were 27c (he bought at about 9c) as well as any shares he may have owned at the time
I think the whale is still in and has approx $2.5M at risk (which may be loose change to him!!!!) - he has been a player on the TLS register before. Dividend buying needs to start for holding period - I think he will dump his call options as dividend buying kicks in. I think results are announced 12 Aug and XD is 23 Aug.
Interested in anyone elses thoughts
merrill lynch - dicey, page-7
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Last
$3.66 |
Change
0.050(1.39%) |
Mkt cap ! $42.28B | |||
| Open | High | Low | Value | Volume |
| $3.60 | $3.66 | $3.60 | $194.6M | 52.89M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 106561 | $3.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.66 | 1245826 | 24 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| TLS (ASX) Chart |