ADN
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6.25% 1.7¢ andromeda metals limited

ADNOB options - $0.012 strike, 30 November 2020 expiry, page-66

  1. onthepunt
    5,135 Posts.
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    17/07/19
    12:51
    Post #: 39560923
    What I am saying is that generally the options trade around half the price of heads. With heads at 1.6 and options at 0.6 you can sell heads and buy more than 2x in options. The gap will likely close at some point and you can sell the options and buy back more heads than you started with. That is the arbitrage opportunity. Of course there’s risk, otherwise we would be buying blue chips.
    ADN Price at posting: 1.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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