AGO 0.00% 4.5¢ atlas iron limited

OGOO Rising with AGO, page-64

  1. 1,236 Posts.
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    Only 100000 AGOOA bought at 0.5c today. All trades at 4c until CommSec had some market selling and crossed up at 0.3c to its buyers at 0.3c who have been sitting there patiently for a week. It's Friday guys, anybody else want to take profits on their 0.1c entry at 0.3c before 4 o/clock?

    Why are the two option series trading differently? IMO
    1. The AGOO expire first, in June. They are theoretically worth less.
    2. There were originally only 60 holders of the AGOOA. They are harder to buy and in scarcer numbers.
    3. People like me put a higher than theoretical value on a July expiry and a lower than theoretical value on a June expiry because of the July effect in markets ( generally fall in June and rise in July).
    4. There is a steadier selldown of the AGOOA as the AGOO are full of stale holders and punters so the price gets distorted more by impatient buyers and sellers accepting market trade.
 
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