Incredible MXCOD value, insanely cheap, page-45

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WEM

16 Posts.

29/11/17

14:24

Post #: 29218223
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Originally posted by Steini ↑

WEM and oppie newbees:

3 data are important when it comes to options:

1. The code, available from the ASX website, MXC's Appendix 3 B anns or from HC posters like me,

in this case MXCOD

2. The conversion price from an oppie to a regular share, often called "HEAD", here 6.5c - noted at the Appendix 3B next to the code MXCOD

3. The expiry date, meaning the last date to be converted into a share, here June 2019, noted at the App 3 B and next to the stock code when using advanced trading platforms ANZ PRO.

on top:

The most people, like me buy an oppie to trade. Often, an oppie costs less than the head as there is a conversion price ( 6.5c ). ATM, oppies to buy costs 4.7c, a head 11.5c. Difference currently is 6.8c. Therefore just regarding the entry + conversion price the oppies are cheaper if converted, called trading at a discount.

The advantage atm is this:

Let's say you buy an oppie for 5c tomorrow and the heads open at 12c. Firstly, 7c difference - so you save already 0.5c. Secondly, if not converted - which I recommend for the next 12 months - the oppies will follow each move of the heads. Assuming heads reach 15c, oppies will reach 8 - 9c. While the heads increased by 25 % from 12c, oppies increased by 80 -100%. What a difference!!!!!!!! That's why oppies often trade at a smaller gap than the conversion price, here maybe just at a 5c gap as there is still a huge % advantage over heads. It is all mathematics, forget pull / put, that's not important for a short term holding aiming at maximising profits or!!!!!!!!!!!! if thinking the heads are too expensive, oppies are like a cheaper back door entry to join the ride. You buy and sell oppies like any other share, just the stock code is 4-5 letters or numbers. Oppie codes are made up of stock code, MXC, plus additional letter combinations such as , O, OA,OB,OC,OD. In our case, MXCOD.

Hope that helps.

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That is awesome thank you

MXC Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 28.0¢		Change 0.000(0.00%)		Mkt cap ! $15.19M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	3920	25.5¢

Sellers (Offers)

Price($)	Vol.	No.
26.0¢	1284	2

View Market Depth

No.	Vol.	Price($)
1	49	0.280
1	3920	0.255
2	6004	0.250
1	3988	0.245
1	12900	0.240

Price($)	Vol.	No.
0.305	2073	2
0.310	12050	2
0.320	50	1
0.330	105	1
0.395	5754	1

Last trade - 07.01am 05/11/2024 (20 minute delay)

RGT (ASX) Chart

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Incredible MXCOD value, insanely cheap, page-45

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Incredible MXCOD value, insanely cheap, page-45

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