You can buy and sell the options exactly the same way as you do with any stock. However they will expire in August 2024. At this point you can either trade them before the expiration date or convert them to shares at a price of 4.5c, you do this by completing a form and paying the company directly.
Technically the options are worth 4.5c less than the heads. However because of the leverage they offer and length of time to expiry they are currently trading at a slight premium which is quite common when shareholders see long term growth opportunity in the company.
Lets say the heads get to 15c, then the options would be valued at 10.5c
Head 258% growth Options 350% growth
So even at a premium to the heads the options can offer greater gains. The risk comes in a down turn as the leverage works both ways.
Hope that makes things a bit clearer. Not financial advice, DYOR, etc
EVR Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
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