FDL flinders diamonds limited

fms vs fmsoa

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    320 Posts.
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    29/05/08
    11:41
    Post #: 3784325
    Can anyone explain why FMSOA is trailing FMS by 15%?
    FMSOA is a 10c Sep-08 Call Option.
    FMS=21c - FMSOA = 9.4c
    Normally I would expect to see 3 months of time value built into FMSOA's price. In other words FMSOA should trade at a premium not a discount.
    Theoretically, one could sell FMS, buy FMSOA - Quickly send the company a cheque for the 10c, convert FMSOA into FMS and deliver. Only problem would be completing the process within T+3. What am I missing?

    S
    FDL Price at posting: 0.0¢ Sentiment: ST Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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