I think with news its always going to help SP go up, especially significant value events, in the case of listing in USA I would think there would be enough demand to gobble up options that are excercised easily, so its a lot less of a worry if we have postive news coming out on the regular.
The holders of the options are in a wide range different positions, who knows the personal circumstances of a lot of the holders. In these times a lot of people are strapped for cash, so if they are sitting on tidy profits and thinking there is risk on the table with current market conditions. Others might be believing in the story of IHL becoming a big pharma company and willing to hold off selling even after excercising.
The thing I am doing though is just watching these 2A announcements like a hawk, when options are excercised IHL need to release the information in a 2A to the market. Currently IHLs average daily volume is approx 5 million, so this 2.6 excercised, even if sold on market , current buying is enough to buy this up. What would be worrying to me is getting a 2A way before September of 10+ million being converted, would probably be sold onto market and cause significant movement percentage wise) See today we already have 4 million of volume in the first 1.5 hours of trading, so thats an increase in volume (nearly reached our daily average already) that coincides with the excercise notice yesterday.
Im holding long term core position, but have taken some hits on my trading recently with IHL, Ive got pretty tight stops, and seeing the sellig volume coming in right after options are excercised is not comforting for trading positions as you know they are most probably looking in to lock in profits excercising them this early. But a lot less of a concern if we have a positive news flow.
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