The premium is to get 3-4 times leverage for when the SP recovers.
Options traded at a discount during the previous rise, pricing options isn't always as simple as cost + strike/conversion. You are purchasing based on an expected future value.
You obviously don't understand how options work.
SUM Chart, page-1252
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 (20min delay)
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Last
21.5¢ |
Change
-0.015(6.52%) |
Mkt cap ! $17.64M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 20.5¢ | $202.5K | 937.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 20000 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 5357 | 1 |
View Market Depth
| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| SUM (ASX) Chart |