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08:24
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Originally posted by TempleQ:
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Thus of 3rd wk of the month is when biggest options expires. The liquidity of asx is relative small compared to wall st or other EMs. Derivative market is relative quite but still hints something in short term. But it is not always correct. Hope this is case with WDS. I am not a trader and don’t care much about short term volatility. Aus like UK or EU, demonises fossil industries. ESG and super fund like HEST try to stop wds investing in new projects. The legitimacy of gas as bridging role to net Zero is reaffirmed after us election. Existentialism of gas industry is out of question. Hopefully, driftwood will get a partner soon. This will squeeze out shorters.
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Spot on post
(20min delay)