thats the only way to play...
in my case i made some cash from 3.12 to 3.30 so now I have bought calls funded by puts so if SP goes north then all good. If sp goes south
as long as I can close out before my prior profit is extinguished then no loss from overall strategy.
The reason I sold last week was so that I have a realised gain - which I prepared to play with. ie strike OTM puts less 18c profit = breakeven from overall strategy (roughly), and w/out overexposing myself to STO.
My thought is STO will trade 3.75 by end September - would take that with a pinch of salt????
back over 3.40 a good sign, page-3
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 (20min delay)
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Last
$6.84 |
Change
0.020(0.29%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.95 | $7.01 | $6.84 | $55.62M | 8.052M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9024 | $7.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.50 | 118047 | 10 |
View Market Depth
| Last trade - 15.59pm 19/11/2024 (20 minute delay) ? |
| STO (ASX) Chart |
