The day before major reports is always a good time to hedge your bets. Things have been quiet and calls and puts are cheap IMHO. Id buy puts and calls (a straddle) and expect the total position to be worth more in a few days. When things become clear on rio, there will be a charge, and the rise in one side should more than offset the loss on the other side.
Most punters would be ecstatic to make 10-15% in a couple of days on a risk free position.
Lets watch RIOTI (32.50 Aug calls) at .51c, and RIOVI at $1.19, (32.50 Aug puts). Out total investment is worth $1.70 so lets watch and see what happens over the next few days. I reckon we can sell it for $1.87 soon.
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Last
$119.00 |
Change
-2.540(2.09%) |
Mkt cap ! $44.17B | |||
| Open | High | Low | Value | Volume |
| $120.56 | $120.69 | $119.00 | $216.2M | 1.800M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 130 | $118.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $119.13 | 1255 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RIO (ASX) Chart |