Some serious action on the options happening
Price is rock bottom at $0.001 - $0.002 with some huge orders (10-20m options) at $0.001
Wonder who this is at this price?
You would think someone with deep pockets could:
- snap up the options at ~$0.002
- buy the share at $1.10
- collect the dividend at $0.02 (immediate profit on the options)
- wait for share price to match NTA (currently ~5-6c discount on that)
- trick is the funding cost on the $1.10 needs to be less than the appreciation in the price (arguably it should recover in 2-3mths at most and should like WAM, appreciate more than the 5-6% discount)
Key issue is the deep pockets and time needed for share price to recover to at least NTA
Some serious action on the options happening Price is rock...
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Last
$1.27 |
Change
-0.010(0.78%) |
Mkt cap ! $1.603B | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.29 | $1.27 | $1.023M | 800.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 176617 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 118500 | 2 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| WLE (ASX) Chart |