ASNOB, page-345

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Swarlee

15 Posts.

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12/01/18

19:32

Post #: 30269330
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Originally posted by sangas ↑

I have only really grasped options recently, so I’ll try to explain. If anyone can correct my mistakes please do so.

I see options as the “option to convert to heads (normal shares)”. You buy them like normal shares using the code that company has issued them under.

You have choices - buy and sell to make cash that way.
- convert them to normal shares.
- hold on to them and let them expire (no one does that intentionally surely)

Each company sets their own excercise price, in this case ASNOB are 2.5 cents per share. You buy the options and pay the company 2.5 cents per option you want to convert to convert them to heads. Now you have normal shares in your portfolio. Obviously if the shares are worth less than 2.5 cents then you won’t want to convert them. People are buying ASNOB right now because they are at times 5-6 cents cheaper than heads, which after converting you are still ahead by a couple of cents. Deadset bargain.

Hope that clears it up.

How did I go gurus?

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Hope to get some clarity in regards to options.
If for example I picked up some ASNob today at 23c and ASN heads were 28c and I decide to exercise them straight away, it essentially makes my purchase price 25.5c. Is the risk in buying options that fluctuation in heads price within the 3 days it takes to exercise? So if the price dropped to 24c I stuffed up in exercising??

ASN Price at posting: 28.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.8¢		Change 0.001(1.49%)		Mkt cap ! $94.15M

Open	High	Low	Value	Volume
6.8¢	6.9¢	6.6¢	$206.7K	3.058M

Buyers (Bids)

No.	Vol.	Price($)
1	5	6.8¢

Sellers (Offers)

Price($)	Vol.	No.
6.9¢	107185	2

View Market Depth

No.	Vol.	Price($)
1	5	0.068
3	172816	0.067
2	505723	0.066
4	163399	0.065
2	120000	0.064

Price($)	Vol.	No.
0.069	107185	2
0.070	243442	4
0.071	3000	1
0.072	57234	2
0.073	37777	2

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ASNOB, page-345

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ASNOB, page-345

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