For those with an interest and appetite in options … this is what I have been doing to free up funds:
1. selling some IMU (circa 54c-60c)
2. replacing with IMUOD (circa 23c-31c - half the price of IMU) (listed IMU options); and
3. buying RAC with the difference.
(Alternatively you can buy 2x IMUOD)
My rationale:
- I have been a long and strong holder of IMU, so taking some profits off the table and free carry is sensible.
- keep the awesome upside by holding IMUOD options, but now I have limited my downside (as I am free carry). So when and if IMU hit $1, $2 and beyond, I am covered on the upside.
- I believe IMUOD is undervalued and has the best risk/reward exposure to IMU.
- diversify with another impressive Aussie biotech (RAC).
- I argue that RAC (at MC $500m) can 5x or 10x easier and faster from here than IMU at $3b MC.
- Strengthening and balancing what I call my AUSSIE BIOTECH BARBELL STRATEGY.
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Thoughts on IMUOD?, page-21
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Last
5.2¢ |
Change
-0.001(1.89%) |
Mkt cap ! $382.1M |
Open | High | Low | Value | Volume |
5.4¢ | 5.4¢ | 5.1¢ | $674.9K | 12.90M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 45087 | 5.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.3¢ | 519803 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 45087 | 0.052 |
11 | 671034 | 0.051 |
81 | 7658639 | 0.050 |
23 | 3483045 | 0.049 |
19 | 831259 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 384611 | 4 |
0.054 | 2188679 | 7 |
0.055 | 670630 | 7 |
0.056 | 1929043 | 11 |
0.057 | 1626859 | 12 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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