FMG 0.49% $22.59 fortescue ltd

Iron ore price, page-32330

  1. 13,087 Posts.
    lightbulb Created with Sketch. 2734
    Well well well

    seems a lot of people absolutely sure of a fall
    - picking up that easy money premiums selling calls - scrambling all day buying stock -

    easy money times into nightmare quickly sometimes

    Market held it really well until very very late In The session then the 22 plus crowd got a jolt

    let’s see what gets exercised in that mad rush - might be a few doooomers rushing to by stock still that they will need to deliver

    selling calls everywhere up higher as well in resent times - potential for great squeeze

    one minute you have received a nice premium and stock continues to fall- next day you owe stock or you have to rush to buy back you sold call at a mega cost

    Opps

    company making very solid gp- huge sums of money and a low volume spike in IO which collapses within 24 hours 210-230 -210 and the business is seemingly in trouble

    One good night and we may see how much selling “easy Money” calls is still up high tomorrow

    Nothing is certain ever- but there are a lot of positive catalyst for a stella rebound today

    shorts - a truck load of calls sold higher and some probable exercising overnight causing some to buy as they want wanting their stock position back

    see how it it goes
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
(20min delay)
Last
$22.59
Change
0.110(0.49%)
Mkt cap ! $69.18B
Open High Low Value Volume
$22.37 $22.60 $22.21 $90.44M 4.024M

Buyers (Bids)

No. Vol. Price($)
3 4129 $22.57
 

Sellers (Offers)

Price($) Vol. No.
$22.59 63251 9
View Market Depth
Last trade - 16.10pm 16/07/2024 (20 minute delay) ?
FMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.