FMG 1.10% $19.76 fortescue ltd

Ah that's nothing, just a bit of rounding noise re $22.50 puts...

  1. 10,351 Posts.
    lightbulb Created with Sketch. 1484
    Ah that's nothing, just a bit of rounding noise re $22.50 puts vs $21.90 spot. If they don't let you sell naked just buy a low strike put for a few cents to keep everyone happy... makes little difference.

    i do have sold puts thrown around the place, but in principle I always have cover and it often pays off.

    On FMG I recently had July $24.50 sold and $22.50 purchased puts... Well on the recent crash I can cash out the $22.50's and buy lower, roll the $24.50's down (very little time value left) to $22.50 and collect 2x the premium for July. Sure it was for a loss but it's heavily subsidised by the above mention factors.
    Last edited by convexity: 20/06/24
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
(20min delay)
Last
$19.76
Change
-0.220(1.10%)
Mkt cap ! $60.84B
Open High Low Value Volume
$19.66 $19.80 $19.20 $191.1M 9.763M

Buyers (Bids)

No. Vol. Price($)
3 4673 $19.73
 

Sellers (Offers)

Price($) Vol. No.
$19.76 31740 2
View Market Depth
Last trade - 16.10pm 04/10/2024 (20 minute delay) ?
FMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.