STO 2.05% $6.96 santos limited

ok lets assume it gaps down to 2.90 (even tho we know wht the...

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    ok lets assume it gaps down to 2.90 (even tho we know wht the interim results were) - its a no cost strategy.

    If gaps to 2.90 and puts from my perspective are out of the money lets just say 40c but I just made 18c so I would be theoretically out pocket 22c. now assume I have 20,000 shares. I lose 4,400$ - not exactly going to destroy my wealth now is it
 
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