hi ric3224,
yes, you are correct RRR not good at present.
i have no bhp trading shares at present (will always have a core holding).
last week i bought some $37 dec puts (its not often i buy options, i mainly sell options).
my plan is if the sp trends down to around the strike price over the next 2 or 3 weeks and my charts show a swing low, i am buying with the safety of knowing i have some insurance in place at the strike price.
this is not my normal trading plan but my weekly indictors are showing overbought at present.
i could do a naked bear call spread but i am unsure if this is wave 5 or wave b
there is the risk, at present, of bhp going ahead with the takeover of rio, if so i feel the sp will come off (short term) so once again insurance is always part of my trading plan.DYOR.
any comments would be great.
have a good one.
582
hi ric3224,yes, you are correct RRR not good at present.i have...
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Last
$43.51 |
Change
0.350(0.81%) |
Mkt cap ! $220.0B | |||
| Open | High | Low | Value | Volume |
| $43.33 | $43.62 | $43.18 | $110.4M | 2.544M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1 | $43.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.52 | 3701 | 18 |
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| Last trade - 15.04pm 03/07/2024 (20 minute delay) ? |
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