Options overhang aint done yet lol. Some pretty obvious trades today, someone buys 170K IHLOB and immediately sells the exact same amount on IHL seconds after. Easy 4 pips there.
As expiry looms I'm expecting an enormous flurry of options conversions. Dont forget that our directors are all in the Top 20. Will be a huge display of confidence and strength when they convert their substantial holdings.
IHL Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held