Dhuy
Thought I'd mention I'm still in LGL plus now Newcrest, in a modest way. I'm still really waiting for the more seasonally friendly period for gold and resources generally from November but option premiums available keep sucking me in.
I thought we'd seen the low in LGL around $2.25 and rolled down from $3.00 to $2.50 puts, and once again find myself underwater, and was very tempted to go mega long Feb $2.00 calls last week which today at least would have looked good.
I guess the technical guy who picked $1.75 should be congratulated! Having once bought LGL at a 55 cent low I know how low high cost gold producers can go if the gold price fails.
its a measure of the 3 month premiums available and the vol that having looked stupid on Thursday, my Nov $2.50 LGL puts are once again instrinsically profitable.
LGL is a relatively high cost unhedged producer, so if gold is to make another run at above $1000 or even higher, then it is the play at the moment.
What is your call on gold over the next five months?
Oldtimer2
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$1.46 |
Change
0.055(3.93%) |
Mkt cap ! $177.6M |
Open | High | Low | Value | Volume |
$1.42 | $1.46 | $1.42 | $5.837K | 4.045K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4274 | $1.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.47 | 1000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4274 | 1.395 |
2 | 15227 | 1.390 |
1 | 309 | 1.380 |
1 | 729 | 1.370 |
1 | 25000 | 1.360 |
Price($) | Vol. | No. |
---|---|---|
1.470 | 1000 | 1 |
1.500 | 13445 | 1 |
1.510 | 420 | 1 |
1.750 | 5154 | 1 |
1.850 | 1146 | 1 |
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