I want to do a covered short VMC/RXL trade.
Short 300k RXL at $0.40 & buy 1M VMC at $0.20.
The in specie distribution will cover the RXL short plus some change to cover fees & I would pick up 1M VMC at an effective cost of $0.08 per share.
Not completely risk free but pretty damn close but I can’t find a broker who will do it even if I post collateral.
Anyone know a broker who will take on such a trade, if so please let me know
I want to do a covered short VMC/RXL trade.Short 300k RXL at...
-
- There are more pages in this discussion • 90 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add VMC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
8.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.50M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 8.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.7¢ | 239 | 1 |
View Market Depth
| Last trade - 16.12pm 26/07/2024 (20 minute delay) ? |
| VMC (ASX) Chart |
Day chart unavailable