Only reason anyone would buy options now is if they are confident that the assays will come back good next week and are looking to buy big with less commitment.
Someone could buy 1,000,000 options for $1,000 right now. so they would need to be 2.1c or better after assays. But if someone bought 1m shares right now at 1.9 and if the assays are bad and drop to 1.7c or lower they would lose at least $1000 more than if they bought 1m options instead of 1m shares.
Just thinking out loud, they are pretty much dead right now, that is the only way I can rationalize it. Might be worth a punt if they go bananas but way too much risk it seems.
LRSO, page-40
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Last
16.5¢ |
Change
0.010(6.45%) |
Mkt cap ! $461.9M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.5¢ | 15.5¢ | $686.6K | 4.231M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 261000 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 1003370 | 16 |
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