Options can be a little confusing, in part because there are different types of options. There are company issued options and holder issued options. Company issued options can be either listed or unlisted. Holder listed options can either be "call" or "put" and these are the options you would not have been able to trade previously.
Company issued options are pretty straight forward. The option holder has the right to purchase shares in the company at a fixed price until the date of the option expiry. If the option holder exercising their option before expiry new shares will be crearted (issued) in the company. If the company issued options are listed then you can trade them on the stock exchange just like any other share. Unlisted options can only be traded privately via off-market transfer.
Holder issued options are completely different. These are options created by a holder over their shares and these options are then listed on a separate exchange, ie the options exchange. These can be quite complex because there are call and put options. One represents the holders right to sell their existing shares at the contract price and the other represents the contract purchasers right to buy the holders shares from them at a fixed price. Neither has anything to do with the company, just the rights to the shares owned by a specific holder.
The good news for you is that Sampson issued listed and these are what many of us here hold. You can buy them using any online broker because it is just another listed stock code like any other. In our case the stock code for the SSN options is SSNO.
I hope this helps.
SSN Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
