Tuesday, March 1, 2011

Scalp Trades Dated 1/3/2011




1. Finally, i got rid of my maxis-cd. :) Thought of selling it at a loss but luckily it was a profit. Thanks to the great profit/result and dividend declared. :)

MAXIS-CD - sold at 0.065, bought at 0.06

2. Re-iterate the formula of Cash-Settled Call Warrants :-

Cash Settlement Amount = Number of Call Warrants X (Closing Price - Exercise Price) X (1/Exercise Ratio)

** The Closing Price is the arithmetic mean of daily volume weighted average market price of the ordinary underlying mother shares for the 5 market days prior to and including the market day immediately before the Expiry Date.

3. I am eyeing some of the expiring call warrants now, might want to adopt a different approach by sending them for cash settlement exercise. This is one of the method of making money as well (e.g my GENM-CL)but the settlement may be way too long for someone as the money will be tied down there for about 3 weeks time. One of it is Maxis-CD. This guy offer great premium for now but it is subject to 8c dividend going ex on 11/3 where it may pull down the price after going ex. Maxis is a steady counter, hardly has a big swing up or down, if its call warrant keep trading at negative premium, then very high chance we can earn some easy money here. I will blog here whether it is worth going in when the due time come (sometime end this March). Just stay tune.

7 comments:

Anonymous said...

Increase stake of Faber, bought at 1.72-1.73, average down holding cost

Anonymous said...

Add back RCE into portfolio, bought RCE at 51sen

Anonymous said...

Horse

I've friend invest in GENS-CC, and wanna some advice. Can you please help me as i'm not familiar with call warrant. Thanks

lofan73 said...

hng,

im into faber too. gamble on the renewable IFM contract.will happen soon. MIF n MOH already approved n it's a matter of time the announcement to be made. khazanah will not easily let go this one. gamble on ths

Anonymous said...

Bought more Faber at 1.61-1.62, further average down holding cost

Anonymous said...

Lofan

Where you got the news that Faber have secure MIF n MOH approval to extend its concessionaire? The selling pressure on faber seem never stop, keep testing year low level :(

Anonymous said...

Used up all margin line to further bring down holding cost, bought maximum Faber at 1.57-1.59.....

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