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 $26 being the current stop-loss level. BTW, I also cannot find the interest rate applicable to these at the moment?
To be honest, I am not sure I will do this but am interested in what others think, and also might prompt some people to consider if these are right for them at the moment.
Cheers,
oakeyflat
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
---|---|---|
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No. | Vol. | Price($) |
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16 | 7497850 | 0.175 |
4 | 1072000 | 0.170 |
2 | 27186 | 0.165 |
1 | 100000 | 0.160 |
1 | 387096 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 1420373 | 12 |
0.185 | 107324 | 3 |
0.190 | 108602 | 5 |
0.195 | 500000 | 1 |
0.200 | 551294 | 11 |
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