You are 100% correct. I bought 250k last week and 250k today at 0.4 cents, a total of 500k MGTOC for only $2k. The leverage on these makes the risk reward very much worth it to take a punt despite the short time to expiry.
If on the back of a good PFS, MGT can double and go to 10c, MGTOC should be close to 5c, so my $2k investment would be worth $25k, so 12.5x.
If MGT triples to 15 cents and MGTOC close to 10c, the $2k investment should be worth around $50k, so 25x.
Hopefully we can get a good PFS before options expiry.
MGT share price, page-4110
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Last
24.5¢ |
Change
0.005(2.08%) |
Mkt cap ! $25.04M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 27.0¢ | 23.5¢ | $55.47K | 229.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93988 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 4000 | 1 |
View Market Depth
| Last trade - 16.10pm 13/08/2024 (20 minute delay) ? |
| MGT (ASX) Chart |