Sell & Buy 5265 BHP @ 8.60

I haven’t heard if this deal went through at the market close but I assume it did. I basically sell and buy back at the same price thereby chrystalising some losses on BHP for the end of financial year.

The options trades have been profitable so the entire position wasn’t too bad until this week. Fund managers sold whatever they could to set themselves up for next year.

I probably should not have bought BHP back but I’m enjoying the options writing. And I think it’s a profitable strategy.

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