George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Just added here today. Airlines are looking strong with relaxation of quarantine. Think Saga will follow. GLA
ILike, I understand what your saying. I tend to write covered calls. Ok I can loose out on the upside but I use the premium income to open other positions without using additional funding. If price pulls back I can close the one Ive written and keep the original call running. I tend to write short dated calls with a longer expiry covering if that makes sense. Good luck.
Ilike,
It will be interesting what happens. I've been tucking these away over time since Brexit in a SIPP. There could be a breakout here if it can hold 440 I think. Good luck with your calls. Do you ever write any?
Nervous,
I think it's a good way to get leverage without paying for daily funding. As rates go up this will start eating into any profits. I also use them for income. If you google covered options strategy will give u a basic insight. Many high yeald funds use this strategy.
Ilike,
That's who I use. Expire on 18th, results out on 3rd. I was looking at the 440 calls but a bit too pricey at the moment for me. I picked up the 460s on a limit 4.75.
Good luck, now sitting at your strike!
This is an absolute no brainer. Look at inflation/cost of living, pawnbroker side will be in big demand later this year. Been averaging into these since start of covid share price has a long way still to go. Plenty of cash on the balance sheet. GLA
Update not very good here if you compare to MAB. Looks like premium end of the market holding up but not JDWs market. Placing price during covid was £9 be interesting how many holders will continue to hold. I have a feeling this could trend lower to the £7.50 area.
You've got more chance making some money going black or red.
I sold out of these Nov 19 as I was not happy with the amount of debt. Have a look at the financials here if your thinking of investing.
Was going to sell these and move on but think I will hold a little longer for sterling weakness
Have just opened small position here and will add if falls below £8. Now trading below placing price at start of covid
Wild I agree, I threw in the towel at 36.6 the other day after holding for a couple of years and took it on the chin. I personally can see this touching previous low of around 20p. Between 20 and 25 I'll start opening again. I think eventually this will turn around but not for a long time.
I believe we are at the start of a perfect cycle for the industry. Higher claims costs due to inflation = Higher premiums. Increased premiums combined with higher interest rates = greater profits. GLA