ADG

11.1%

0.4¢ adelong gold limited

How soon is now, page-23

First 23 Last

Share
Profile

Follow
BeachyPeachy

101 Posts.

13

10/06/21

15:17

Post #: 53771706
Share

Originally posted by Quagland: ↑

Hey beachy, regarding the options, there are a many different types of options you can buy. The one you have bought (DDDOA) is called an exchange traded option. I think what you found is probably a Call option. Someone smarter than me can correct me though if I'm wrong!

They essentially behave exactly the same as a normal share - you can buy/sell etc. The differences are that the option has an expiry - (DDDOA - 31-May-2022) so if it gets to this date and you haven't sold or converted, they will disappear.

The process to convert is pretty simple - the company will send out a conversion form as the expiry date gets close - 1-2 months out. It will tell you the details. It's usually just a bank transfer. If you want to convert sooner, you can contact the company directly and they will send you the details. I'd imagine they would be quite responsive since they would be getting money in the door! Your broker might be able to organise this too (i don't exactly know - I'm just an gen-x/millenial who does things online only)

The option price will generally trail the share price based on the strike price of the option but there is usually a time based premium built in as well

In terms of option price unattractiveness, the primary reason to buy the options is for leverage (as CJTJ mentioned). As the share price gets higher, the option price will track it and the leverage advantage gets smaller at which point, the option holding risk may not outweigh the leverage advantage, although this is a personal risk profile choice

As a buyer of options at 0.002, the only things that matter to you are the expiry date and the current share price. At the expiry date, if the share price is under the strike price, you are better off just buying the shares directly. If the share price is above your 0.0064, then definitely worth converting. If it's in between, it becomes a harder choice

Expand

Thanks so much@Quagland really appreciate your detailed reply and teachings.

DDD Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Trump is President Again: What Does This Mean for Crypto?

HotCopper Highlights: Your most watched and most discussed stocks this week

IMU

Imugene kicks off Australian trial for blood cancer treatment

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

MMI

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

FG1

Flynn Gold reaches milestone exploration target for Golden Ridge

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

UBI

Universal Biosensors flat despite fresh deal with US medical product distributor

There are more pages in this discussion • 35 more messages in this thread...

First 23 Last

Add ADG (ASX) to my watchlist

(20min delay)
Last 0.4¢		Change -0.001(11.1%)		Mkt cap ! $4.471M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$1.969K	492.1K

Buyers (Bids)

No.	Vol.	Price($)
23	12442859	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	4811321	7

View Market Depth

No.	Vol.	Price($)
23	12442859	0.004
34	14107548	0.003
12	88960000	0.002
11	69055001	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	4811321	7
0.006	5461004	7
0.007	9186635	5
0.008	5833333	5
0.009	5194444	4

Last trade - 14.14pm 08/11/2024 (20 minute delay)

ADG (ASX) Chart

How soon is now, page-23

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Trump is President Again: What Does This Mean for Crypto?

HotCopper Highlights: Your most watched and most discussed stocks this week

Imugene kicks off Australian trial for blood cancer treatment

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

Flynn Gold reaches milestone exploration target for Golden Ridge

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

Universal Biosensors flat despite fresh deal with US medical product distributor

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

How soon is now, page-23

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Trump is President Again: What Does This Mean for Crypto?

HotCopper Highlights: Your most watched and most discussed stocks this week

Imugene kicks off Australian trial for blood cancer treatment

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

Flynn Gold reaches milestone exploration target for Golden Ridge

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

Universal Biosensors flat despite fresh deal with US medical product distributor

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News