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."
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- Advice to crashy. Sell those AMP calls now!
Advice to crashy. Sell those AMP calls now!, page-10
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Last
$1.33 |
Change
0.015(1.15%) |
Mkt cap ! $3.440B |
Open | High | Low | Value | Volume |
$1.32 | $1.33 | $1.31 | $17.99M | 13.75M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 35513 | $1.32 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.33 | 400588 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 31528 | 1.315 |
2 | 31961 | 1.310 |
3 | 40109 | 1.305 |
4 | 51973 | 1.300 |
5 | 136128 | 1.295 |
Price($) | Vol. | No. |
---|---|---|
1.325 | 86195 | 5 |
1.330 | 590112 | 30 |
1.335 | 339316 | 7 |
1.340 | 323972 | 19 |
1.345 | 378420 | 11 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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AMP (ASX) Chart |