Yeah, you can buy and sell options (just like shares) upto about 1 to 2 weeks BEFORE the expiry date.(Can't usually trade them in the last week) If you sell your options on the market...you take the cash and run...if you continue to hold...you need to pay the take-up cost to the company well before the last day!!!
AKKO take-up 10c before 19/11/2011 present price 0.1c AKKOB take-up 5.5c before 06/07/2012 present price 0.4c AKKOA take-up 5.5c before 06/07/2013 present price 0.8c
If you analyse the above... 1.)No one wants to buy AKKO because they figure they can buy AKK at less than 10c in the next 2 months !!! 2.) In the case of AKKOB...AKK needs to be above 5.5c + 0.4c = 5.9c before July next year to make them wirthwhile...clearly this a big possiblity and so people are stocking up to make a killing if say AKK went to 10c in the next 4 to 8 months...then their AKKOB oppies would be wirth 4.5c (a ten bagger !!!) but if AKK stays down at 3c they will loose everything or will have to sell at a loss...if they can sell at all...see AKKO...no buyers!!! 3.) In the case of AKKOA...AKK needs to be above 5.5c + 0.8c = 6.3c before mid year 2013. This is highly likely...and less risky than AKKOB...because you have an extra year!!! But some will say AKKOA (0.8c)are twice the cost of AKKOB (0.4c) 4.) So if you like a good gamble...which is safer than the casino or the horse races...try oppies... 5.) AKKOB for higher reward with higher risk 6.) AKKOA for high rewards with less risk 7.) AKK if you don't like "high risk"...just "medium risk!!!" Cheers
AKK Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
