Hello. You want to buy "oppies" yet don't understand them?
The oppies:
* Are "company options". They are not "European Options", "ETOs", etc
* They are bought when you think the SUM share price will rise. Their benefit is "leverage". However their losses are greater if the SUM share price falls.
* They have ASX code SUMO
* They are bought & sold the same as shares on your internet platform.
* They expire on 30/9/25.
* They are exercisable at 25 cent anytime prior to expiry date.
* Therefore, SUMO should trade at a price around 25 cents lower than SUM.
* However, if the SUM price is low, example 10 cents, SUMO would be around 2 cents, because you can buy many SUMO for the price of one SUM.
* But as the SUM share price exceeds 25 cents, the difference between SUMO and SUM will be around 25 cents.
SUM Chart, page-660
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Last
18.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.69M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 18.5¢ | 18.5¢ | $17.91K | 96.82K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3811 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 50000 | 2 |
View Market Depth
| Last trade - 15.29pm 18/10/2024 (20 minute delay) ? |
| SUM (ASX) Chart |