BHP 2.16% $42.06 bhp group limited

options,back to 1218?,rem,am,ken,kah et al BHP has either...

  1. 362 Posts.
    options,back to 1218?,rem,am,ken,kah et al BHP has either touched or exceeded the top of the 20 day BB for the past three days and with to-day's close @ 1226 seems to be heading lower with important resistance to-morrow @1218 and if breached may signal further downward short term movement to 1200-1215.

    Sold long March BHPJQ 1250 calls @ 30.25 cents on Friday for a modest profit and thereby exposing short calls Febr 1250 BHP5L with 4 days to go to expiry.

    Bought to-day April BHPZM April puts @32.5 cents and may cap potential profit /loss by selling puts underneath should this be required.

    Kahuna,the Reserve Bank has been selling the Aussie dollar to the tune of about 1.8 billion in each of the months of Nov,Dec,Jan .

    Cheers.

    Safe trading
 
watchlist Created with Sketch. Add BHP (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.