The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
My words of wisdom The problem with Airlines is cashflow they have zero the airbus order is finished as we know it in current form look what Norwegian air did if this lockdown lasts in some form till Sept these guys will follow same model as burn equity bonds everthing they have no choice .
No I am out put options were for 15 may so closed up. No position now long or short in ftse still think airlines are a crazy gamble if you are long almost mad . Quant funds control Easyjet pushing it up and down as they see fit.
I cant see how easyjet can pay Airbus for planes so order is finished in current form as there will be to much grounded planes going forward by all airlines so they cant afford planes or repay any debt they owe . I cant see what Stelios can do to save these guys in current form what can he do its a sinking ship .Government saving flag carriers all over Europe game up this is going to 2 or 3 quid if it survives
Its very hard to judge now what board should do next is very tricky. I would convert all debt into equity and do a rights issue
and save the airline and live to fight another day like I am saying all the time this is a perfect storm for Airlines what can you do its impossible .
A put is to go down a call is to go up .A 650 strike was buying them this morning at an average of .33 so between yesterday and today I need this to go through 612 to break even as brought up my average from last night .Buying at .33 the contracts are 1000 share bundles so cost foe 1 is £330 .But dont trade options open a demo account and keep cash for a while until this settles down in about Nov or Dec you will have plenty of time to make a lot of money on buying long calls in certain stocks and remember to research everything in massive detail . Goodluck and take great care of your money
OWLS On ftse yes at the moment yes I have showed u my trade today if I am wrong you can bash me with that for the 650 puts to make me money this needs to go down past 604 only airline that I have lost money on is Ryanair never bought puts at strike of £5 that would be a bit risky , if I am an idiot today my trades will show and you are free to call me an idiot if not and I am right you are getting hedge fund standard advice here for free and instead of thanking me you lecture me on my Grammatical errors .......
Pretty impressive move now from easyjet , Owls watch and learn I am guessing move in Easyjet this is the weak shorts closing I know remdesivir from Gilead is driving the market so will pick up cheap 600 strike puts out of the money later today or early Thursday morning this is why this is my job and instead of you and Sage having a laugh about my full stops learn how to trade from me see how I do it ,while I have time to post on boards like this and stop losing money like sheep to the wolves .
On 6 Apr bought 750 strike with expensive prem a few days later reinforced that with 700 strike put with a cheaper prem check my posts and be honest I like a well in the money option I feel its safer
and topped that strike at 700 a few times since. I am buying options OWLS not stock so not exactly like for like as my bid can sometimes be accepted at a fairly low bid someone dumping for some reason or another .