dazdi,
Re; NWE - I have only just seen this query to me, so I do apologise for the tardy reply.
The options are being traded on a 'deferred settlement basis' which which simply means the following:-
"Settlement in which the obligation to settle on a trade date plus three (3) business days (T+3) basis is deferred until the time following the despatch date that ASX fixes." [Source: asx.com.au]
Poster 'gassed' made mention of this this morning actually, as well as the relevant dates as well (see Post: 6335129):-
"New options quoted on a deferred settlement basis 14 February 2011
Despatch of holding statements & deferred settlement ends 21 February 2011
Quotation of New Options 22 February 2011
Exercise price .10 by 30 June 2012. (conditions apply if exercised early, see prospectus)."
Hope that helps!
Cheers, Tweets (:
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