re: rio up in us and london ... to rembrant et al Thanks Apk001,
I understand what you meant now and agree 100% with what you are saying.
With a synthetic long such as the position I have, if RIO is below $34.50 on 24 Jun I can roll the Put position out by buying back the Put at a loss and selling a new longer dated Put expiring later. The potential problems with this are that if RIO dropped till the Delta on the option approached 1 it may be exercised prior to expiry, and if RIO continues to stay below $34.50 I will eventually have to take the loss.
Thus the trade does have risks, but I believe that RIO will be above $34.50 at some stage this year.
re: rio up in us and london ... to rembrant et al Thanks...
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Last
$123.31 |
Change
1.650(1.36%) |
Mkt cap ! $45.77B | |||
| Open | High | Low | Value | Volume |
| $123.90 | $124.47 | $122.50 | $208.3M | 1.686M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1271 | $123.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $123.35 | 786 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| RIO (ASX) Chart |