Assuming OOO now holds JUNE contracts and in the next 4 days start selling JUNE and BUY JUL-AUG and SEPT contract.
Average price of the new contracts is 23.09 while June contract is 16.11.
If I made the right the contango effect will be ~40%.
Unless this already factored in as they got exposure to those JULAUG SEPT contracts on 23 April whne they released the announcement.
- Forums
- ASX - By Stock
- OOO
- Have d the bottom atm
Have d the bottom atm, page-4
- There are more pages in this discussion • 78 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)