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
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Last
29.5¢ |
Change
0.015(5.36%) |
Mkt cap ! $428.5M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 30.5¢ | 28.0¢ | $833.4K | 2.824M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 388130 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 39940 | 3 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| IMM (ASX) Chart |