Regarding FXR options. Because I believe again in the incredible potential of this stock these options make for a great opportunity. Quite simply if the Zinc is there in bucketloads the stock will soar. The issue with going heavily into options is obviously if things don't go the right way and the oppies "go out of the money", well I'm not going to be a happy camper. Its a good thing then that I can visualise $2 and beyond. At $1.25 plus a premium of around ten cents, thats a bloody exciting prospect. Monday was a set play with the commodities scare. If theres nothing left in the market for the instos buy, best thing they can do is- Buy some BHP and RIO puts, Sell a few chunks of the physical stock, use the media to get things a little panicky, trigger some stops and let the mob do the rest.
Then they can buy some calls in BHP and RIO, buy a few big chunks of stock and wait for all the punters to start pushing the other way.
I wonder how they are going to go now with Iron Ore moving upwards yet again and if the correction is as short and sharp as looks.
What a great caper!
Metalhead
FXR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
