I guess to be fair,way out of the money puts at A$ 1800 would be pretty cheap Insurance. If we saw a complete collapse of the Gold Price due to a Black Swan event. Just goes to show the thinking however and I would guess this position has been marked to market. The Exec is protecting a possible shift in US politics and the conclusion to the Covid Pandemic. They obviously figure buying 25000 Puts is a reasonable hedge in the current set of circumstances. Who knows hindsight may even prove him/her right. Can't see it at the moment but I guess that is why they are called Black Swan Events...nobody can. As an end note I would add one comment. The end of this year cannot come quick enough for a whole bunch of reasons.
I guess to be fair,way out of the money puts at A$ 1800 would be...
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Last
$1.55 |
Change
-0.020(1.27%) |
Mkt cap ! $1.679B | |||
| Open | High | Low | Value | Volume |
| $1.57 | $1.57 | $1.54 | $6.761M | 4.359M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 577 | $1.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $1.56 | 116962 | 6 |
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| Last trade - 16.10pm 09/05/2024 (20 minute delay) ? |
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Last
$1.55 |
Change
-0.020 ( 1.09 %) |
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| Open | High | Low | Volume | ||
| $1.57 | $1.57 | $1.54 | 1229863 | ||
| Last updated 15.59pm 09/05/2024 ? | |||||
| GOR (ASX) Chart |