The $50k Challenge Update 7 – 29th August 2019
Stock Code: HMX
Shares Sold: 174,936
Share Price: 0.038
Stock Code: HMXOD
Shares Purchased: 405,000
Share Price: 0.017
Based on the time value associated with HMXOD (sept 2020), if HMX gets to 6c then HMXOD should be trading between 4c – 4.5c. Hence risk reward is greater in the options. As such I have sold HMX (3.8c) and converted them to HMXOD (1.7c).
Also my HMX parcel was originally purchased at 2.6c while options were at 1.5c. Now heads made 50% and trading at 3.8c and options trading at only 2 pips higher.
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