CD - agree with you. Covered Calls better suited to stable stocks, but premiums are also lower. Premium on WOR is high as priced on volatility.
The reason I did this - as I think I mentioned before, is as a licensed finance professional I am not allowed to trade stocks. It is buy and hold for 30 days minimum. As I cant trade in and out, a good way to lock in some premium and hopefully get stopped out above A$8.25 was to sell a call.
I am giving up my license now so am able to trade full time, and will look at more pairs trade ideas for market neutral long/short positions.
CD - agree with you. Covered Calls better suited to stable...
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Last
$13.83 |
Change
-0.030(0.22%) |
Mkt cap ! $7.649B | |||
| Open | High | Low | Value | Volume |
| $13.90 | $13.91 | $13.81 | $10.36M | 748.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 404 | $13.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.84 | 1467 | 11 |
View Market Depth
| Last trade - 12.00pm 28/11/2024 (20 minute delay) ? |
| WOR (ASX) Chart |
