striek

Q4 Production report released Highlights: *Record iron ore shipments of 49.3 million tonnes (mt) for the quarter and 182.2mt for FY21, exceeding guidance of 182mt *Record average revenue of US$168/dry metric tonne (dmt) for the quarter, realising 84 per cent of the average Platts 62% CFR...

Earnings are out. I believe RIO handily beat consensus despite a bad miss on unit costs and IO shipments. Dividend is eye watering at US$5.61/share. Very curious how the market responds, and as above, clues as to what this means for BHP and FMG.

Anythings possible, but its very unlikely. Last year it was announced on the same day (24 August) as the FY results and that is the norm. The XD date should be the 6th of September (one week after announcement).

I believe he meant roll it out. If you think the share price will be $25.50 ex-div on Sept 1 then the $26 put will probably be worth about 80 cents by then. Quite a loss.

Couldn't agree more. Thats why I mentioned costs and tenements. Owning a lot of rocks you can ship cheaply is a guaranteed long term winning strategy.

Also the fact the iron ore price is still stubbornly trending upwards. I don't think FMG is the best investment in miners right now. There are a bunch of junior miners that have recently started their first shipments, or are about to, and are not priced appropriately. If IO prices remain...

I bought 50 call options a week ago for September between 23-26.50. It's run up has been generous the last couple days. It's future is heavily linked to iron ore prices but I don't think that means its overvalued. I said it in another thread earlier this year but these iron ore companies are...

Its finally closed above $100 a share. Nice little run up this afternoon and a good gap in the closing auction to maintain momentum. Bought a couple 99 calls (Exp 3/6) yesterday and sold today for a tidy profit. Having regrets..

If you paid the ask price ($13.45) the stock would have to rise to $58.45 for the option to become profitable at expiry (ITM). $45 strike price + $13.45 you paid. The option has $13.08 of intrinsic value (what it's worth if the stock doesn't move by expiry). It's got $0.37 of extrinsic time...

I would just buy deep OTM puts if you have a really high conviction the stocks will fall and you want more leverage than shorting the stocks directly. A covered put will cap your upside but not your risk if you get it wrong and IO goes up. A great level of IO price slippage is I believe...

Has this mornings price action changed your mind at all? Its very likely if you had sold Friday you would be regretting it today (I would think) when the underlying has almost met your strike price (with a month to go). I regret not buying more call options last week! I had sold covered calls...

If you are going to regularly sell options I would strongly consider swapping brokers because Australian brokers are very expensive. $35 a trade (CommSec?) Plus another $35 on assignment will kill your profit profile. I use Interactive Brokers. It's about $1 a trade on options and no assignment...