Hi all, been holding for a few years now and sitting on nice unrealised gains. I subscribe to the theory that a decision to hold is the same as a decision to buy, and right now I am not sure I would buy my current holding at today's price with the downside risk associated with the trial results.
I am considering taking out some downside insurance by selling half my holding and buying an equal number of mini warrants:
https://au.citifirst.com/EN/Products/MINIs/SIRTEX_MEDICAL_LIMITED/SRXKOC/
I have never used derivatives before, but I've never had a large unrealised gain worth insuring before. Any thoughts on using the above for insurance at the moment? I understand that they limit the downside to about $26 being the current stop-loss level. BTW, I also cannot find the interest rate applicable to these at the moment?
To be honest, I am not sure I will do this but am interested in what others think, and also might prompt some people to consider if these are right for them at the moment.
Cheers,
oakeyflat
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17.5¢ |
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 449688 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 955405 | 27 |
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No. | Vol. | Price($) |
---|---|---|
1 | 449688 | 0.175 |
5 | 1608822 | 0.170 |
1 | 18186 | 0.165 |
1 | 2577 | 0.097 |
1 | 4000 | 0.075 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 945405 | 26 |
0.185 | 38427 | 3 |
0.190 | 220025 | 8 |
0.195 | 20478 | 2 |
0.200 | 181416 | 6 |
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