Bought as much as I could. I want to buy more. Lend me some at 20%pa? I participated in SPP for the options. Share price will recover beyond 5.7c at some point but you won't be able to buy those options any longer because they are not listed.Yes, 0.9c per option is roughly what the immediate cost was. SPP 5.7c per share with 1 for 2 attaching option, market price after SPP 5.2c.
@rosencrantz Options expire in 2026, exercise price 10c. If the share price hits 50c in 2026, that's 40c profit per option or 4444% return. If the share price hits 20c, that's 10 cents profit per option or 1111% return. If you discount the fact that the share price dipped and form a view that the option was in fact free then the return is infinite. Do you really think the share price will be less than 20c in 2026 with all inflation and production ramp up?
Something that Black & Scholes does not take into account is the opportunity cost. Those options are not listed and you won't be able to buy them no matter how much you want those juicy returns.
Black & Scholes is as limited (although less so) as Efficient Market Hypothesis that the "rich" academics continue to teach at universities.
Bought as much as I could. I want to buy more. Lend me some at...
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Last
5.3¢ |
Change
-0.001(0.93%) |
Mkt cap ! $46.28M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.5¢ | 5.3¢ | $24.64K | 456.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13286 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 157752 | 5 |
View Market Depth
| Last trade - 14.08pm 07/05/2024 (20 minute delay) ? |
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Last
5.3¢ |
Change
-0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 5.5¢ | 5.5¢ | 5.3¢ | 214740 | ||
| Last updated 14.07pm 07/05/2024 ? | |||||
| CXM (ASX) Chart |