Heres my calc if you convert options... (using ROUGH tax figures for a person earning 50k a year)
100k buy 9c heads , selling at 1$ = $1111111
Profit is $1011111.. after tax of 20% = $808888
100k buy 0.055 options, selling at 1$ = $1818181
Profit is ($1718181 minus $90909 exercise price)= $1627272
After tax of 40% = $976363
40% tax because you don't qualify for CGT discount
Basically you make a mere extra 17k . My advise is if you are with options... sell them as options after a year as u will make an extra 500k after tax.
For selling options without converting,
(9c-5.5c)/9c = 38.8%
you are increasing your exposure to MYG SP increases at 38.8% while still having to pay a premium of 16.67% and coming up with 100k.
(Now for example if the options were only 0.005 and exercise price is 0.100 (Same price of 0.105) then it is worth it as u get 94% extra exposure. You only need to put down 9k$ to have the same exposure... thus leaving you with 91k free capital. I understand you get more for your buck if you went for MYGOA but if im going for options i want to be a lot more leveraged for the risks involved or no premiums.
(rough calcs only, not checked for mistakes)
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69.0¢ |
Change
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Mkt cap ! $63.11M |
Open | High | Low | Value | Volume |
69.0¢ | 69.0¢ | 68.0¢ | $5.463K | 7.919K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 124 | 71.0¢ |
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Price($) | Vol. | No. |
---|---|---|
75.0¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
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1 | 4311 | 0.700 |
2 | 10541 | 0.680 |
1 | 1400 | 0.670 |
2 | 35603 | 0.660 |
Price($) | Vol. | No. |
---|---|---|
0.770 | 1300 | 1 |
0.780 | 10000 | 1 |
0.800 | 3482 | 1 |
0.805 | 3531 | 1 |
0.810 | 10675 | 1 |
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