Well there are ETO Exchange traded options on STO, and they right now have some good yields.
You could either sell a Naked put at 3.80 or so and get about 12c for a month.
A Buy write is usually IMO a better trade if its sold over a franked dividend ex-date.
But with no divis right now, mabe a naked put is worth considering.
A $4- naked put should get you 20c for a month, meaning if STO is trading below $4- in a months time you must buy at $4- but you keep the 20c per share.
So it gives you a 5% gain straight up. But even if STO is below the break even of 3.80c then you still gotta pay $4- for it in a Months time, but you keep the 20c.
So If you were a buyer for STO, then Id suggest selling a naked put at say 3.80c and pocket 12c or 3%.
But if you want my opinion on the Chart ?? It looks like Support will hold it at $3.50c
So Im holding off right now, because of the chart shape that looks like it wants to roll over.
Macquarie Bank Most likely want to buy cheaper so they have spooked it, so will take a few weeks for that BS to roll out of the SP.
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