SRX sierra rutile holdings limited

Hi all, been holding for a few years now and sitting on nice...

  1. 553 Posts.
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    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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