Hi Belcam,
The price of heads don't have to be 11c to convert you will just be at a loss so you would have to make the decision to either cut your losses and just let your options lapse or pay a premium to convert your options.
The reason you would risk options now is because you can pay $1000 for 100k worth of options where you would need to spend 10k to buy 100k worth of heads. The reasons for doing this varies you may not have the capital to buy heads right now or you could be banking on the SP rising keeping in mind that the heads SP doubling could result in the options 5-6 bagging but this is a very high risk scenario with the options expiring at the end of June just depends on your appetite for risk
KAIO, page-3
-
- There are more pages in this discussion • 108 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add KAI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.0¢ |
Change
0.001(11.1%) |
Mkt cap ! $26.20M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.9¢ | $17.32K | 1.810M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 6113258 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 4310886 | 8 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| KAI (ASX) Chart |