Because I believe the SP will be far above $4.25 before the options expire. By taking half my salary in options I am able to effective buy a Race share now for 19c (i.e the BS value of the options back in November).
If I am right then I will end up with around 3 million more Race shares than I would have if I had just put half my salary into buying extra shares on market.
I am a big believer in revealed preferences. Don't believe what someone tells you, believe what their actions reveal.
Ann: Quarterly Activity Report & Appendix 4C, page-79
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Last
$1.65 |
Change
-0.040(2.37%) |
Mkt cap ! $281.2M | |||
| Open | High | Low | Value | Volume |
| $1.69 | $1.69 | $1.64 | $50.53K | 30.36K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 539 | $1.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.69 | 731 | 1 |
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| RAC (ASX) Chart |