Here's two more pieces of statistical data I went and analysed for the sake of understanding our options. Just to clarify, again, I feel they haven't attracted the premium they have deserved once they became 'in the money', but that the premium should probably be about 5c.
So, options become 'in the money', that is, useful, when the head stock is above their strike price - otherwise, few would buy the options without anything but speculation, right? So, let's look at the period when THC first traded above 40c (option strike price), to now. I have researched this and put together in a table.
The long and the short of it, you'll see, the average premium has been subdued = $0.008 = 0.8c! Individually, you'll see the premium has never spiked into double digits, and would broadly speaking, fit in more with low-to-mid single digit figures.
Now, the other way to look at it, is to look at the value the options were trading at before they were 'in the money'. In this instance, not the premium, because the options are rather useless if the share price for the head stock continually stays below 40c. So, let's look at that data as well, which I have pulled together. The average across this respective period going back 6 months, and then excluding the days where the options went 'into the money', leaves us with a premium = $0.06 = 6c. If I go all the way back to the IPO debut, the average for that period, prior to the options becoming 'in the money', offers a premium of $0.0748 = 7.5c.
Column 1 Column 2 Column 3 Column 4 Column 5 1 Date THCO Close THC Close option 'true' value Option premium 2 13/11/2017 0.12 0.45 0.05 0.07 3 14/11/2017 0.13 0.525 0.125 0.005 4 15/11/2017 0.465 0.92 0.52 -0.055 5 16/11/2017 0.3 0.65 0.25 0.05 6 17/11/2017 0.445 0.85 0.45 -0.005 7 20/11/2017 0.53 0.95 0.55 -0.02 8 21/11/2017 0.59 1.02 0.62 -0.03 9 22/11/2017 0.63 1.08 0.68 -0.05 10 23/11/2017 0.54 1.005 0.605 -0.065 11 24/11/2017 0.55 0.95 0.55 12 27/11/2017 0.45 0.91 0.51 -0.06 13 28/11/2017 0.45 0.9 0.5 -0.05 14 29/11/2017 0.42 0.85 0.45 -0.03 15 30/11/2017 0.4 0.825 0.425 -0.025 16 1/12/2017 0.43 0.82 0.42 0.01 17 4/12/2017 0.375 0.77 0.37 0.005 18 5/12/2017 0.34 0.76 0.36 -0.02 19 6/12/2017 0.31 0.735 0.335 -0.025 20 7/12/2017 0.385 0.795 0.395 -0.01 21 8/12/2017 0.365 0.755 0.355 0.01 22 11/12/2017 0.35 0.79 0.39 -0.04 23 12/12/2017 0.35 0.79 0.39 -0.04 24 13/12/2017 0.35 0.79 0.39 -0.04 25 14/12/2017 0.325 0.69 0.29 0.035 26 15/12/2017 0.3 0.675 0.275 0.025 27 18/12/2017 0.27 0.64 0.24 0.03 28 19/12/2017 0.3 0.625 0.225 0.075 29 20/12/2017 0.315 0.62 0.22 0.095 30 21/12/2017 0.31 0.63 0.23 0.08 31 22/12/2017 0.31 0.61 0.21 0.1 32 27/12/2017 0.31 0.63 0.23 0.08 33 28/12/2017 0.375 0.725 0.325 0.05 34 29/12/2017 0.33 0.68 0.28 0.05 35 2/01/2018 0.325 0.695 0.295 0.03 36 3/01/2018 0.32 0.715 0.315 0.005 37 4/01/2018 0.53 0.935 0.535 -0.005 38 5/01/2018 0.55 1.005 0.605 -0.055 39 8/01/2018 0.46 0.89 0.49 -0.03 40 9/01/2018 0.545 0.975 0.575 -0.03 41 10/01/2018 0.505 0.91 0.51 -0.005 42 11/01/2018 0.47 0.89 0.49 -0.02 43 12/01/2018 0.465 0.9 0.5 -0.035 44 15/01/2018 0.5 0.91 0.51 -0.01 45 16/01/2018 0.56 0.985 0.585 -0.025 46 17/01/2018 0.58 0.97 0.57 0.01 47 18/01/2018 0.575 0.925 0.525 0.05 48 19/01/2018 0.575 0.91 0.51 0.065 49 22/01/2018 0.5 0.89 0.49 0.01 50 23/01/2018 0.48 0.895 0.495 -0.015 51 24/01/2018 0.52 0.905 0.505 0.015 52 25/01/2018 0.495 0.86 0.46 0.035 53 29/01/2018 0.455 0.84 0.44 0.015 54 30/01/2018 0.47 0.85 0.45 0.02 55 31/01/2018 0.475 0.825 0.425 0.05 56 1/02/2018 0.455 0.825 0.425 0.03 57 2/02/2018 0.44 0.84 0.44 58 5/02/2018 0.39 0.8 0.4 -0.01 59 6/02/2018 0.32 0.715 0.315 0.005 60 7/02/2018 0.42 0.76 0.36 0.06 61 8/02/2018 0.38 0.755 0.355 0.025 62 9/02/2018 0.355 0.725 0.325 0.03 63 12/02/2018 0.33 0.71 0.31 0.02 64 13/02/2018 0.375 0.8 0.4 -0.025 65 14/02/2018 0.38 0.765 0.365 0.015 66 15/02/2018 0.43 0.815 0.415 0.015 67 16/02/2018 0.47 0.87 0.47 68 19/02/2018 0.44 0.84 0.44 69 20/02/2018 0.435 0.79 0.39 0.045 70 21/02/2018 0.34 0.755 0.355 -0.015 71 22/02/2018 0.395 0.8 0.4 -0.005 72 23/02/2018 0.37 0.77 0.37 73 26/02/2018 0.39 0.78 0.38 0.01 74 27/02/2018 0.355 0.76 0.36 -0.005 75 28/02/2018 0.34 0.77 0.37 -0.03 76 1/03/2018 0.32 0.725 0.325 -0.005 77 2/03/2018 0.3 0.72 0.32 -0.02 78 6/03/2018 0.305 0.73 0.33 -0.025 79 7/03/2018 0.3 0.645 0.245 0.055 80 8/03/2018 0.3 0.685 0.285 0.015 81 9/03/2018 0.27 0.655 0.255 0.015 82 12/03/2018 0.285 0.66 0.26 0.025 83 13/03/2018 0.23 0.64 0.24 -0.01 84 14/03/2018 0.23 0.6 0.2 0.03 85 15/03/2018 0.23 0.6 0.2 0.03 86 16/03/2018 0.27 0.64 0.24 0.03 87 19/03/2018 0.26 0.595 0.195 0.065 88 20/03/2018 0.23 0.6 0.2 0.03 89 21/03/2018 0.23 0.615 0.215 0.015 90 22/03/2018 0.25 0.615 0.215 0.035
Column 1 Column 2 1 Date THCO Close 2 22/09/2017 0.067 3 25/09/2017 0.07 4 26/09/2017 0.07 5 27/09/2017 0.067 6 28/09/2017 0.067 7 29/09/2017 0.067 8 2/10/2017 0.067 9 3/10/2017 0.064 10 4/10/2017 0.064 11 5/10/2017 0.064 12 6/10/2017 0.064 13 9/10/2017 0.064 14 10/10/2017 0.055 15 11/10/2017 0.055 16 12/10/2017 0.05 17 13/10/2017 0.05 18 16/10/2017 0.05 19 17/10/2017 0.05 20 18/10/2017 0.05 21 19/10/2017 0.05 22 20/10/2017 0.05 23 23/10/2017 0.05 24 24/10/2017 0.042 25 25/10/2017 0.042 26 26/10/2017 0.042 27 27/10/2017 0.042 28 30/10/2017 0.065 29 31/10/2017 0.064 30 1/11/2017 0.064 31 2/11/2017 0.064 32 3/11/2017 0.064 33 6/11/2017 0.064 34 7/11/2017 0.064 35 8/11/2017 0.072 36 9/11/2017 0.082 37 10/11/2017 0.09
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