Too lock in profits. If the all negative there is no extra need to over extend themselves to extra premiums from interest rates and locked up funds. At a certain point the margins to further gain is debatable.
If you look at the share price of PLS... It has fluctuated between $2.78 and $3.08. That means those put option were worth significant money earlier this week and today. So why would they exercise if was going to continue to go down and make them more money?
Man. There others on PLS thread talking about the interest and fees required to keep shorts open and here you telling me that why wouldn't want to take profits on profitable 7 month held shorts and keep them open...
Realised gains are what matters in the long term are shorting firms...
Too lock in profits. If the all negative there is no extra need...
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Last
$2.41 |
Change
-0.170(6.59%) |
Mkt cap ! $7.257B | |||
| Open | High | Low | Value | Volume |
| $2.57 | $2.60 | $2.41 | $64.35M | 25.99M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 123970 | $2.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.42 | 15148 | 3 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |