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."
Duh!What part of "hedge" is unclear to you?"I went long amp and...
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Last
$1.05 |
Change
-0.005(0.47%) |
Mkt cap ! $2.799B | |||
| Open | High | Low | Value | Volume |
| $1.05 | $1.06 | $1.05 | $6.743M | 6.418M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 60472 | $1.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.05 | 34406 | 1 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| AMP (ASX) Chart |