Good post Karll, IMO CTPOA is not offering a greater "time bonus" per se...
I think the difference in premium is caused by CTPO already being "in the money". Punters can see exactly what they are gonna get (if they converted today) and are not willing to pay a huge premium for CTPO because they are only marginally better off than simply buying the heads.
CTPOA are not yet "in the money" so they carry the X-factor of "what if the share price went to..." And the answer could be exponential gains.
I have found with options, "premium" value tends spike just as the oppie is getting close to being in the money and crosses over. Once oppies are in the money, they tend to lose "premium" value and infact they usually trade at a DISCOUNT to the heads.
ctpoa, page-12
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Last
5.3¢ |
Change
-0.002(3.64%) |
Mkt cap ! $39.49M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.5¢ | 5.3¢ | $83.26K | 1.516M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 234750 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 340510 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CTP (ASX) Chart |