What we are seeing now is typical selling before option expiry.
The sellers of the option have decided that they will not exercise & sell them at a large discount (>1.0c) to the ordinary shares.
If you are a shareholder, why not sell your shares at 1.7c & replace them for 1.5c by buying options at 0.5c and exercising them for 1.0c.
For every million shares you make $ 2k.
As long as this arbitrage is available, it will be very difficult for the share price to rally very far.
NEARING OPTION EXPIRY
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 (20min delay)
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.18M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $11.26K | 2.815M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7284511 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 8463226 | 14 |
View Market Depth
| Last trade - 15.36pm 19/07/2024 (20 minute delay) ? |
| ALR (ASX) Chart |