NCM 2.75% $28.78 newcrest mining limited

Ann: Half Year Accounts, page-17

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  1. 338 Posts.
    It might be rubbih to some, but money can made out of stock like this

    Just sold 230 contracts today of NCM options out to june $22 and $22.50 to secure call premium of over $12000 net after buy back of previous trades
    My trigger point is !0% PA or more premium on current share price, doing it for a few years now with ncm and others when my INITIAL buy in price was around the $12.00 mark although my current holding price is around $17.00 mark you can check out my trades in todays option section.
    Add the call premium to the divy and you have a return of more than 4 times bank interest not counting the capital gain

    To me NCM is Not rubbish, its a GOLD mine , just dig a bit deeper, but do your own research, option trading is not for all , being doing it for over 20 years to reach this point.
    Good luck with you Evolution shares , I have been watching them but I am !00% call option man and I leave them for others

    Cheers Mattocks
 
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