The thing is, in your particular world view, FMG is just a one-trick pony, with it's future earnings based purely on iron ore, but the company is so much more than that. It actually is a growth company, with plenty of irons in the fire (excuse the pun). Playing covered calls could leave you short if the sp does gap up- and it has done so several times on it's recent journey from around $7. Still- each to his own. Your play leaves you needing to convince everyone that the SP is not going to race ahead, but just inch forward. A tricky spot- perhaps you should start a new thead? Covering my calls?? Just a thought.
Iron ore price, page-31841
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Last
$16.82 |
Change
-0.500(2.89%) |
Mkt cap ! $51.78B | |||
| Open | High | Low | Value | Volume |
| $17.11 | $17.23 | $16.81 | $252.2M | 14.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 13676 | $16.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.83 | 350 | 1 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |