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
$13.86 |
Change
-0.120(0.86%) |
Mkt cap ! $7.649B | |||
| Open | High | Low | Value | Volume |
| $14.11 | $14.16 | $13.86 | $12.08M | 868.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 13996 | $13.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.87 | 2900 | 1 |
View Market Depth
| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| WOR (ASX) Chart |
