yeah thats right KEN. Even taking that into account its alittle risky i think. I would wait to see if $35 will support the underlying. If it doesn't then RIO confirms its downtrend and you would be looking a lot lower for its next really strong support. I sold $36 calls for $1 on thursday. I am nicely in the money ATM. The stoch is getting a little oversold now and i may buy them back soon. If they stay under $36 till the 10th then they will be a safe bet i think.
I am looking at the XJO atm. The options cease trading on the 19/3 so if you pick the right direction then time decay will eat into the premium quickly.
Kman
heading to 35.30 support, page-4
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Last
$116.47 |
Change
2.310(2.02%) |
Mkt cap ! $43.23B | |||
| Open | High | Low | Value | Volume |
| $115.31 | $118.48 | $114.83 | $158.6M | 1.359M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 225 | $116.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $116.58 | 1000 | 1 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| RIO (ASX) Chart |