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
yeah thats right KEN. Even taking that into account its alittle...
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Last
$122.63 |
Change
-1.050(0.85%) |
Mkt cap ! $45.75B | |||
| Open | High | Low | Value | Volume |
| $123.79 | $124.00 | $122.51 | $33.63M | 272.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 79 | $122.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $122.61 | 39 | 1 |
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| Last trade - 11.24am 07/10/2024 (20 minute delay) ? |
| RIO (ASX) Chart |