WBC 5.28% $15.25 westpac banking corporation

i was da kiss of death for da puts.lol, page-3

  1. 768 Posts.
    re: i was da kiss of death for da puts.lol to wbcw LABBS when do your warrants expire ?

    If they are reasonably long dated warrants you should still be OK. After options expiry this month there may be some big downside for westpac, as the reecent buyi ng will probably be to cover shorts taken for the month of march. Whomever is buying will probably cease to buy after expiry and will want to get rid of the shares they bought in the preceding months. IF this is buying to cover short positions they are exposed to that is.

    If this buying is of a different nature then we all will most likely be screwed .. . . i still hold wbcmp puts which expire in april .. . as LABBS said "hold your nerve" on this one because both technically and fundamentally this bank really should be lower then it currently is : great big gravestone on the 6/3, continued within allens pitchforks downward channel (thankyou acouch) and fundamentally valued at a premium to ANZ ?

    None of this really makes any difference because the market will do what it likes, and it generally doesn't like ME !
 
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Last
$15.25
Change
-0.850(5.28%)
Mkt cap ! $55.07B
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$15.55 $15.75 $15.10 $275.9M 17.90M

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2 2000 $15.23
 

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Price($) Vol. No.
$15.28 747460 4
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Last trade - 16.10pm 08/04/2020 (20 minute delay) ?
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