yes it's very short, it's a high risk high return trade so should not buy too much. July expiry is after May results release, so if 1Q17 results is as expected, there could be a rebound. who knows, maybe even one day gain could erase all these days' losses.
even after his past week the price was affected by oil and gas sentiment, I'm not worried about petron's fundamentals. for CB the only concern is petron's price may not reflect its fundamentals before the expiry. so if more conservative then should go for mother
and just to highlight for those who are unaware, these are call warrants issued by investment banks, unlike those issued by the company. so the IBs are legally allowed to do "market-making" or market manipulation as I sometimes see it, so just be aware of what you are investing in.
of course if uptrend resumes then no market manipulation can stop it
no it won't. usually they announced their dividend entitlement in April, ex-date in June. I'm counting on results released in May. if it's good as expected, then I don't think that 22c will matter anymore.
even if factor in coming dividend, the premium is still considered low for CW
Yesterday CC went up so much but eventually CB catch up at the end of market. Add oil CB, i top up already, don't disappoint me. Don't lose to your brother CC
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MQ Trader 5711 views | 5 d ago
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paperplane2016
21,636 posts
Posted by paperplane2016 > 2017-03-12 00:57 | Report Abuse
Jay, this warrant relatively short.iguess safer to buy mother? But this provided Good leverage