MYR 4.89% 96.5¢ myer holdings limited

News: MYR Myer responds to unsual trading activity in its shares, page-6

  1. 10,673 Posts.
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    If I were you I wouldnt proclaim that you understand what the shorters are doing and what they are thinking.

    Because Shorters also play derivitives like Warrants, So generally the Shorters can actually be the Warrant writers/issuers.

    So even as it shows shorts on the register of stocks, its not showing you the open interest of the Put and Call Warrants.

    Your probably phased out now and not reading this but I write Covereed Call options and I at times write naked put Options.

    The selling short can be part of a net credit trade, where you sell short at spot and sell the Put and also buy the call, a trade like that you can win regardless if the stock moves up and down.

    The Trade I just explained to you is the Warrant writers bread and butter, they do it evey day and make money every day regardless of the stock going up or down,

    UBS is a Warrant issuer, they Buy stock, they short stock and the write Call and Put Warrants.

    There are other warrant issuers as well that do the same thing, its like hedge fund trading. The objective is to gain yield while you are hedged. Big traders and big funds that trade unhedged become small traders.

    The only way to win in the long run is to net gain whilst hedged.

    I know more than most on here about this subject, but I sure as hell dont proclaim that I know what their current strategy is for the week or the next Month, only they know that.
 
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Last
96.5¢
Change
0.045(4.89%)
Mkt cap ! $808.2M
Open High Low Value Volume
92.0¢ 97.0¢ 92.0¢ $1.915M 2.031M

Buyers (Bids)

No. Vol. Price($)
1 914 96.0¢
 

Sellers (Offers)

Price($) Vol. No.
97.0¢ 18847 3
View Market Depth
Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
MYR (ASX) Chart
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