It's a pure arbitrage play.
Whenever the bid on the heads is 2.5cents more than the ask on the options,the player will sell the heads and then buy the options.
Then he'll exercise the options at 2 cents (exercise price) thus making 0.5 cents per share.
It's been happening for a few weeks.
Cheers
good time to get in, page-38
Add IMM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
34.5¢ |
Change
0.005(1.47%) |
Mkt cap ! $501.1M | |||
| Open | High | Low | Value | Volume |
| 34.5¢ | 34.8¢ | 33.5¢ | $219.8K | 641.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 105675 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 370607 | 16 |
View Market Depth
| Last trade - 14.15pm 29/07/2024 (20 minute delay) ? |
| IMM (ASX) Chart |