I don't know about charts. The put option is not that much use to me vs just buying the stock.
If I could buy a 6-12 month option to buy STO at $3 per share for say $1 then when it goes to $8 - I get more bang for my buck. With my luck the options would expire in a year and the shares rerate in 366 days though.
Agree with MMP which way it goes from here is unknown. My feeling is the inventory drawdown of last week is going to be confirmed with ongoing draws - but I could be wrong. STO has decoupled from the oil price last few weeks which is interesting. Seems like some big holders losing faith in the company - the GLNG impairment was an absolute shocker.
STO Trading Strategies, page-76
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Last
$6.84 |
Change
-0.080(1.16%) |
Mkt cap ! $22.21B | |||
| Open | High | Low | Value | Volume |
| $6.92 | $6.94 | $6.75 | $97.69M | 14.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5564 | $6.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.84 | 5679 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| STO (ASX) Chart |