Ah that's nothing, just a bit of rounding noise re $22.50 puts vs $21.90 spot. If they don't let you sell naked just buy a low strike put for a few cents to keep everyone happy... makes little difference.
i do have sold puts thrown around the place, but in principle I always have cover and it often pays off.
On FMG I recently had July $24.50 sold and $22.50 purchased puts... Well on the recent crash I can cash out the $22.50's and buy lower, roll the $24.50's down (very little time value left) to $22.50 and collect 2x the premium for July. Sure it was for a loss but it's heavily subsidised by the above mention factors.
Iron ore price, page-52602
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Last
$18.28 |
Change
-2.070(10.2%) |
Mkt cap ! $56.28B | |||
| Open | High | Low | Value | Volume |
| $18.59 | $18.68 | $18.26 | $482.3M | 26.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 8480 | $18.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.30 | 300 | 1 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |