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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For those with an interest and appetite in options … this is...
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Last
5.5¢ |
Change
0.004(6.86%) |
Mkt cap ! $400.5M |
Open | High | Low | Value | Volume |
5.1¢ | 5.6¢ | 5.1¢ | $1.142M | 21.28M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 1014434 | 5.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.5¢ | 86147 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 962201 | 0.054 |
14 | 2007669 | 0.053 |
10 | 1726922 | 0.052 |
15 | 1647310 | 0.051 |
30 | 2893426 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 269979 | 4 |
0.056 | 2207695 | 23 |
0.057 | 983127 | 7 |
0.058 | 1043582 | 6 |
0.059 | 1280548 | 9 |
Last trade - 14.07pm 10/07/2024 (20 minute delay) ? |
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