AVZ 0.00% 78.0¢ avz minerals limited

AVZO Current price, page-49

  1. 198 Posts.
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    I am long on AVZ, but first time buyer of option. Yesterday, I wanted to buy some heads but ended up buying 2x option @.023 when heads were @0.053.

    Can you please guide me if my below understanding is correct.

    As long as heads are above strike price (0.03) I can still convert my option with some value left on it. Only if heads goes below 3c options are worthless. If option’s strike price + option’s present value = head there is no potiential risk on down movement until the head’s price reaches the strike price which in this case is 0.03c.


 
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