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Last one for now.... another new trade

  • Dan
  • Jul 15, 2024
  • 1 min read

Sold out of some stock I had in the aus market, so I've got some cash lying around. I opened -28 cash secured puts on BHP for $42.51 with Sept expiry. $1.48 credit ($4100), for a 3.5% return. Aus market is much less liquid and as a result the returns are nowhere near as good, which is why I tend to go a bit longer dated for options in oz. I've still got $47.01 covered calls open on BHP from May! But they're expiring this week. As you can see from the chart $42.51 is a pretty good buy price, especially if you reduce that by the $1.48 premium received.

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Currently, I've got 4 open positions, two on BHP, plus the DDOG and RIOT trades already posted.

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