There's another way of looking at it. We get coverage (at $2) for about 20% of the shares we currently hold.
I intend to wait to wait till the Au price has peaked then sell 20% of my WGX. If it continues to push up. I know I exercise the option at $2. If not I can buy back the WGX at the price it fall to. That is the true beauty of a hedge the similar effect lost on the person who opined the hedge was $30/ oz in deficit.
Options, page-13
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Last
$2.65 |
Change
0.100(3.92%) |
Mkt cap ! $1.256B | |||
| Open | High | Low | Value | Volume |
| $2.60 | $2.65 | $2.60 | $8.481M | 3.221M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8689 | $2.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.66 | 7872 | 2 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| WGX (ASX) Chart |