there is a popular theory that as 'in the money' options approach expiry date, the heads will be sold to cover the conversion of options to heads... and thus the sale of those heads will act as a handbrake to the share price over that period of conversion.
once expiry date passes there is no need to sell heads to convert oppies and hence, the handbrake is released... and the share price can do what it was born to do... smash through that $1 mark!
ok, i may have taken some poetic licence with that last comment... but everything else remains true.
there is a popular theory that as 'in the money' options...
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0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.14M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.9¢ | 0.8¢ | $10.93K | 1.352M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 52 | 18550853 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 31466854 | 24 |
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