Some people will still buy AGYO to trade.
e.g. if AGY rises 20% from here in the next month; to say 39c...
then AGYO should rise from around 12.5c to around 19.5c, or by around 55%.
Some traders like those odds.
Others will buy AGYO (and later exercise and sell) if they expect AGY to rise over the next month.
That would allow them to effectively make the same profit on the AGY trade from this level, with only having to commit (upfront) about a third of the capital, until they can exercise in say 1 month from now (and pay the other 20c per share then), and cash out at the higher AGY price.
Everything depends on one's risk appetite and the confidence they have in the sp movement over the next 5 weeks.
Spreadsheets and scenario planning are useful in these instances!
Ann: Letter to Optionholders, page-27
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Last
3.8¢ |
Change
0.002(5.56%) |
Mkt cap ! $55.32M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 4.0¢ | 3.7¢ | $271.6K | 7.042M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1174965 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 1272049 | 10 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| AGY (ASX) Chart |