Why would someone exercise 150k SRNOD with a strike price of 1.9¢ when they could have sold their oppies for .2¢ and purchased shares for 1.1¢?
1.9¢ x 150,000 = $2,850
(1.1 - .2) x 150,000 = $1,350
If they sold their oppies and bought heads, they would have ended up with around an additional 105,500 heads, and that’s taking two broker fees into consideration.
Did I miss something?
There is of course a small amount of CGT to pay on 100% profit for the oppies, but that benefit is minimal.
Why would someone exercise 150k SRNOD with a strike price of...
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.972M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $10.34K | 5.172M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 74 | 203236718 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 9347346 | 2 |
View Market Depth
| Last trade - 15.56pm 25/06/2025 (20 minute delay) ? |
| SRN (ASX) Chart |