i think the options will fund them selves … my strategy, buy some more RAC now (say 90c), hold for 6 months and (hopefully) sell for say $1.50. Each RAC shares sold at $1.50 can fund two bonus options exercised at strike 75c.
if sp can reach $2.25, only need to sell one RAC share to fund 3 bonus options.
Hence not too concerned how to fund the options in future. Happy to buy on weakness now.
wishful thinking or sound strategy ?
i think the options will fund them selves … my strategy, buy...
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Last
$1.22 |
Change
0.030(2.52%) |
Mkt cap ! $202.7M | |||
| Open | High | Low | Value | Volume |
| $1.22 | $1.22 | $1.16 | $78.70K | 66.45K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $1.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 4561 | 1 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
$1.19 |
Change
0.030 ( 0.42 %) |
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| Open | High | Low | Volume | ||
| $1.19 | $1.22 | $1.16 | 11297 | ||
| Last updated 15.56pm 07/05/2024 ? | |||||
| RAC (ASX) Chart |