Rollercoaster
if you just buy calls then you can only lose what you paid
so limited downside , unlimited upside
my example I bought $18 calls when WPL was at about $18
i paid $2.40 each option that expires june23 so at the time I had about 2.5 years for the price to be above $20.40 ($18 +$ 2.40)
that’s my break even price , anything above that is profit
Example
buy 100 WPL cost $2400, profit is $1000 per $1 of WPL over $20.40 so same as owning 1000 WPL
(I have much larger position so watching closely but this is only short term BHP owner noise I would say)
Woodside Still a Good Bet, page-182
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Last
$27.42 |
Change
1.040(3.94%) |
Mkt cap ! $52.06B | |||
| Open | High | Low | Value | Volume |
| $27.40 | $27.77 | $27.03 | $173.3M | 6.320M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 5050 | $27.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.45 | 7000 | 1 |
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