CBA commonwealth bank of australia.

Bough the below parcel of 10 put contracts today. 10 contracts...

  1. 420 Posts.
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    Bough the below parcel of 10 put contracts today. 10 contracts at $1 each, so only spending 1k on the premium.

    $130 strike price with an expiry until March 20 2025


    https://hotcopper.com.au/data/attachments/6609/6609742-a6739a7f31bc922c725ae21b62cf9590.jpg
    If the price goes to $120 the value of the option would be worth 10k minus the premium, so 9k. And that's only the intrinsic value, if lot of time in the option remains + increased volatility, the value could be more.

    I just feel it's a worthwhile risk. Even though there is a decent chance I lose my entire premium, its only 1k.

    Who here would feel comfortable being on the other end of this option. Youve got my 1k, but if by March next year the price his $120, you owe me 9k.........



    https://hotcopper.com.au/data/attachments/6609/6609751-9ecc1050bb49d19985064c760c0e2744.jpg
 
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Last
$182.53
Change
-0.320(0.18%)
Mkt cap ! $305.4B
Open High Low Value Volume
$182.51 $183.00 $180.13 $1.091B 6.388M

Buyers (Bids)

No. Vol. Price($)
1 400 $182.50
 

Sellers (Offers)

Price($) Vol. No.
$182.55 3394 1
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