Only 10 days of trading left until options cease trading.
BPAY payments take 2-3 business days to clear so anyone selling heads to fund conversions needs to complete their selling by no later than 20 November if they are going to make a payment by BPAY.
Sell heads on Friday 20 November and T+2 means funds don’t clear until at least 24 or 25 November. Then only have at best 3 business days to make BPAY or BSB payment to Andromeda.
Another factor is electronic transaction limits so anyone with large holdings of options need to batch their conversions.
NVA share price moved about 50% after the options expired.
ADN support seems to be strong at 18c to 19c levels.
Will be interesting to see how it plays out for ADN ... 28c by 7 December?
ADN CHART, page-3784
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Last
0.8¢ |
Change
0.001(14.3%) |
Mkt cap ! $27.14M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.7¢ | $19.44K | 2.588M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 63 | 22052597 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 12135336 | 22 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| ADN (ASX) Chart |