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
Downside protection
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Last
15.0¢ |
Change
0.018(13.2%) |
Mkt cap ! $63.66M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.5¢ | 15.0¢ | $440.0K | 2.895M |
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| No. | Vol. | Price($) |
|---|---|---|
| 15 | 2796049 | 15.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 3157161 | 11 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
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