Did someone mention my name?
They would have purchased such a large quantity because they’re still getting nearly 2 options per share at that price (shares were 47c and options were 23c)...
If share goes up to $1, then option will trail share by 40c to be 60c...
Your 47c share just doubled in price but your option basically tripled..
For example, $10,000 in THC shares for 47c would be now worth $21,277 while the $10,000 in THC options would now be worth $34,347
Can you see why options hold a premium...?
If price continues to go northward, then options can be traded out in due course and there’s no need to stump up another 40c to turn them into shares...
Just my view there, of course....
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