Happy to be proven wrong, but I've seen this story play out many times on microcap stocks with underwritten options:
a) positive newsflow is not available/expected and as such heads fail to exceed exercise price in a meaningful way so as to prompt late option buying and conversion
b) underwritten options are sold immediately on conversion, depressing share price
c) investors/traders expect b) and as such compound a) by not buying
Not saying that I don't expect positive share price action, I just don't expect it before option expiry given news about flow rates isn't due before then.
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Last
0.2¢ |
Change
0.001(33.3%) |
Mkt cap ! $6.105M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $500 | 250K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
52 | 108528879 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 163464842 | 61 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
53 | 109528879 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 163464842 | 61 |
0.003 | 25026229 | 15 |
0.004 | 9581276 | 7 |
0.005 | 10859073 | 7 |
0.006 | 1000759 | 2 |
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