Tend to favour Nickoo's view... nothing to indicate a reversal out of the downtrend...
The Bear Spread
A conservative bearish approach...
Sell one QANYA $3.48 PUT OPTION EXPIRING 28-Nov-2002 at 14c
Receive: 1 * (1004 * 00.14) = $140.56
Buy one QANYB $3.73 PUT OPTION EXPIRING 28-Nov-2002 at 30c
Pay: 1 * (1004 * 00.30) = $301.20
Total Cost is $160.64.
Maximum loss at expiry is $160.64 when QAN price equals or exceeds $3.73... sold put is worthless (get to keep that premium), but bought put also becomes worthless (lose that premium).
Maximum profit at expiry is $90.36 when QAN has moved below $3.48 and both puts finish in the money... the bought put's intrinsic value [starting at 1004 * (3.73 - 3.48) = $251.00] less premium paid ($301.20), plus the sold put's premium received ($140.56) less intrinsic value (starting at zero).
Maximum favourable time decay with QAN around $3.48.
Maximum unfavourable time decay with QAN around $3.73.
Breakeven with QAN $3.57 at expiry.
GK
Tend to favour Nickoo's view... nothing to indicate a reversal...
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Last
$6.05 |
Change
0.020(0.33%) |
Mkt cap ! $9.858B | |||
| Open | High | Low | Value | Volume |
| $6.06 | $6.07 | $5.98 | $21.32M | 3.527M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17414 | $6.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.06 | 36670 | 6 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| QAN (ASX) Chart |