FMG 1.75% $17.49 fortescue ltd

Iron ore price, page-52424

  1. 10,333 Posts.
    lightbulb Created with Sketch. 1463
    Yes.... but I didn't *actually* pay that for them. I've being building up that position for months (started at $27.50 from memory) so there is a lot of "recycled" premium in that and also a stack of sold calls (and some naughty, troublesome sold puts) above it to finance things overtime and now.

    My point is, I haven't just thrown that cash down to buy those calls... there are a lot of "buts, if's and what ifs" that come attached with it, but we'll be here forever going through all those possibilities.
    Last edited by convexity: 16/06/24
 
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