It means that you can pay 12c to convert 1 option to 1 share
This is normally only worth doing as it gets closer to the expiry date (August 2021).
At the moment the Options have a TIME PREMIUM priced into them of around 2c, so it may be cheaper for you to Sell the option on Market, and Buy a share On Market.
https://www.asx.com.au/documents/resources/options_simple_guide.pdf
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0.9¢ |
Change
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Mkt cap ! $2.636M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 156780 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 855021 | 7 |
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