AU maximizer contract premium now at 15.00 for july. For those of you that have market savy in options, would this be a reasonable premium for the length of time ? This is at the money, have no experience in options.
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Magpie;
100 contracts of July 06 260 puts traded at $13/t and can be flipped to a synthetic call by simply going long against them.
Is 15/t a fair premium? Good question!
Where do you expect prices to go, 268 plus 15 is 283, do you expect a higher price than this by June 15th 2006?
I understood there was some of these at half price for May last week, something like $7.50/t. -
Magpie:
Those producers that outright shorted the July to capture the carry in the market, did well. I don't know if there is enough $$$ left to do it as the difference is narrowing.Comment
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Jackflash;
For those who were not greedy;
The Nov 06 was a dead ringer for a profitable hedge!Comment
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