I am actually surprised that the options are worth that much. They are 30% of current price out of the money (55% if you include the premium) and expire in 5 months. The whole stock market is down and PYM has been dropping consistently since listing at highs. On top of this we have the issues I mentioned earlier regarding a steep drop in revenue and a major increase in administrative costs. I am actually surprised that the options are not trading lower than current prices. Probably explained by the lack of liqudity.
My feeling is that PYM needs some very positive results soon or it will test 20c mark within the next six weeks.
Neil WA, I hope that PYM releases a pearler and you make thousands! It certainly is not out of the question.
I am the Iceman!
Add to My Watchlist
What is My Watchlist?