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Ann: Classic's Mining Operations - Approved, page-97

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ProCapitalism

4,943 Posts.

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17/03/22

20:30

Post #: 60261564
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Originally posted by DevsAdvoc: ↑

Who in their right mind would buy $0.003 options right now, when they can get the actual share for the same price? We shouldn’t really see any movement with options until the share price is firmly trading above 0.002, if not 0.003. I know we get the odd numpty buying options, probably thinking it’s something different, but they are very small numbers.

Even when it breaks .002/.003, to buy options at .001 is just like committing to pay 0.004 (unless you intend on to trying to flip the option) so you’re expecting it to push higher than that.

Maybe don’t worry too much about options just yet.

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I never said it was going to happen anytime soon. I simply stated they expire Feb 2024, almost two years away.

If the SP is heading higher over the next two years, the options prices were the ones to watch, IMO.

CLZ Price at posting: 0.1¢ Sentiment: None Disclosure: Not Held
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