WHC whitehaven coal limited

0.86%

$5.77

Thanks, I will try and get my head around it when markets close...

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borano

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19/12/24

12:22

Post #: 77121953
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Originally posted by ShmoShady: ↑

I make money from the contracts I sell. The contract premium.

example:

sold 100 6.50 19/12 Puts on WHC @ $0.30

1 contract = 100 shares = $30 per contract
therefore 100 contracts = 10 000 shares = $3000 total

so I collect $3000. But if the price dips below $6.50 the person that bought my puts will exercise early or they get exercised on expiry so I have to buy 10,000 shares at 6.50. However I’ve already collected $3000 so my cost basis on the shares that got assigned to me is $6.20.

if the price stayed above $6.50, the contracts expire worthless and I’ve made $3k

Since I’ve been assigned I’ll probably sell 6.25 or 6.50 calls expiring next month now and put a ‘collar’ on them and protect any tail risk by buying $6 or $6.25 puts

sorry haven’t emailed…been crazy busy with a 1 month old haha. I usually do a strategy called ‘the wheel’ which is making money off ‘theta decay’ (Google the wheel / theta) but mostly on US stocks as the liquidity is better. I’ll get around to sending you some links.

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Thanks, I will try and get my head around it when markets close and not busy. All the best with new addition.

@eral You're probably right as usual. LMAO.

Last edited by borano: 19/12/24

WHC Price at posting: $6.14 Sentiment: Sell Disclosure: Held
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(20min delay)
Last $5.77		Change -0.050(0.86%)		Mkt cap ! $4.827B

Open	High	Low	Value	Volume
$5.83	$5.84	$5.73	$98.50M	16.46M

Buyers (Bids)

No.	Vol.	Price($)
1	3969	$5.76

Sellers (Offers)

Price($)	Vol.	No.
$5.77	18006	2

View Market Depth

No.	Vol.	Price($)
1	1850	5.750
2	3042	5.740
2	5165	5.720
8	24668	5.700
1	200	5.690

Price($)	Vol.	No.
5.780	4500	1
5.790	17261	1
5.800	2400	2
5.830	1220	1
5.840	2434	1

Last trade - 16.10pm 20/06/2025 (20 minute delay)

WHC (ASX) Chart

Thanks, I will try and get my head around it when markets close...

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Thanks, I will try and get my head around it when markets close...

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