ADNOB options - $0.012 strike, 30 November 2020 expiry, page-380

It is really simple. The exersize is 1.2. So add that to the current bid of 1.9 = 3.1. So if you buy here you are getting the equivalent as if the stock was.selling at 031. But it is better than that as you are putting only 1.9 up so you cannot lose more than that if things go pear shaped. Also, you have far better leverage as you are getting the same upside but for a much smaller outlay. (with a build in stop loss) Don't know why the options trade on ADN like this sometimes - they should be at least 2 pips above as with other stocks. Still that is the opportunity.