IVZ

1.49%

6.8¢ invictus energy ltd

Ann: Preliminary Wireline results shows Multiple Potential Zones, page-227

First 227 Last

Share
Profile

Follow
Jcairns458

90 Posts.

26

18/11/22

11:59

Post #: 64853682
Share

Originally posted by Stinkyfatwhale: ↑

Someone is gonna call me dumb - but im used to it from my childhood.

Strike price is 35c and the options expire in July 2023.

Essentially buying them now at 15c and strike price of 35c means you buying shares @ 50c ~~~ kinda

couple of things going for it....
1. you can get more options than shares with the same amount of capital.
with 10k atm i can get 30.3k shares (33c price as of writing) OR i can get 66k options (15c ish now)

Im kinda rolling on the fact that we will be way above 50c on a positive Ann on monday hence... so when we rolling in the $1.30s + striking those options is printing money (and only risking 10k capital up front as opposed to 20k if i wanted same amount of shares)

2. You can sell the shares... if the SP moves up 5c (thats a SP of 38c at time of writing) = 15% ish increase? if the options follow suit (they usually lag a little behind...) but even if they move 3c thatd be a 20% increase (assume from 15c start - was something there last i looked)

the key risk is that IF we dont get above the 50c line... and the options expire its worth 0... zilch.. sweet FA.
if its a dust you can at least sell the shares and salvage crumbs... its still worth something... you can hold long term in hope of boabab or other plays the company might do... stop losses can be set etc etc. yadda boring... with the options... once time is up they not worth a baked ass.

So options have a higher risk and a deadline but can be potentially more rewarding.

The Black scholes method is a calculation to estimate the value of an option and when i did it at the price of 36c with a high volatility (50% ish - it was on the back of some wild swings) the value was between 14-16c. but as with all of these calcs (imo) take with grains of salt and a side of seaweed salad. but its a decent enough indicator of value.

Considering we either gonna be rich or broke by the end of next week (not much in between is what im saying) its a more gambler sort of play

Expand

Thank you very much. Dumb question, but the 35c strike price, is that 35c share price or option price?

And how does the conversion work? Say i had 66k in options (as per the example above) and the SP is at $1, in shares that would be $66k. What is the value of the options if i was to convert? I would have to bring additional capital right?

Final question, CGT. 12 months start from the date of option purchase or conversion?

IVZ Price at posting: 33.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

SKS

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

ASX hits all time high out the gate on Friday trades following bullish US inflation data

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Bitcoin investors need to know the risks

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

BHP

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

There are more pages in this discussion • 712 more messages in this thread...

First 227 Last

Add IVZ (ASX) to my watchlist

(20min delay)
Last 6.8¢		Change 0.001(1.49%)		Mkt cap ! $96.41M

Open	High	Low	Value	Volume
6.7¢	6.9¢	6.7¢	$34.82K	512.0K

Buyers (Bids)

No.	Vol.	Price($)
2	150899	6.8¢

Sellers (Offers)

Price($)	Vol.	No.
6.9¢	131225	1

View Market Depth

No.	Vol.	Price($)
2	150899	0.068
1	150000	0.067
6	376496	0.066
5	893384	0.065
1	100999	0.064

Price($)	Vol.	No.
0.069	131225	1
0.070	494994	5
0.071	370417	2
0.072	550000	2
0.073	460000	3

Last trade - 16.10pm 12/07/2024 (20 minute delay)

IVZ (ASX) Chart

Ann: Preliminary Wireline results shows Multiple Potential Zones, page-227

Immutep reports strong response rate from immunotherapies treating carcinomas

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Bitcoin investors need to know the risks

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Nimy to raise $1.21M to explore 'newsy' WA targets

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Preliminary Wireline results shows Multiple Potential Zones, page-227

Top Stories

Immutep reports strong response rate from immunotherapies treating carcinomas

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Bitcoin investors need to know the risks

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Nimy to raise $1.21M to explore 'newsy' WA targets

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News