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4.17%

7.5¢ bass oil limited

I'm not very familiar with options but by the looks of...

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Wado87

3,631 Posts.

212

01/12/22

13:08

Post #: 65097682
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Originally posted by stevenjd: ↑

268m BAS FP + 128 BASO (12c) = 396m FD

That would be $2,500 m / 396 m FD = $6.30 heads, and $6.18 for an option.

The question is, do you want to ride there with heads or ops ?
Lets see,
$10k buys you today at 6.5c = 154k heads, then worth at $6.30 = $970 k = 97 X
$10k buys you today at 1.2c = 833k ops., then worth at $6.18 = $5,147 k = 514 X

Anyone want some option icing on their cake ?
$10k could buy you a $1m or a $5m lottery ticket, and thanks, Santos is paying for the de-risking on their side of the fence.

If the market was aware of that prize, they would be buying a position for much more than todays entry bet.

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I'm not very familiar with options but by the looks of things BASO are very far behind of heads at the moment? For a call of 0.004, other than the expiration date late in 2024, why wouldn't people load up on options instead of the heads?

Always keen to learn

BAS Price at posting: 6.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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(20min delay)
Last 7.5¢		Change 0.003(4.17%)		Mkt cap ! $21.78M

Open	High	Low	Value	Volume
7.2¢	7.5¢	7.2¢	$5.99K	81.06K

Buyers (Bids)

No.	Vol.	Price($)
1	9315	7.3¢

Sellers (Offers)

Price($)	Vol.	No.
7.6¢	100000	1

View Market Depth

No.	Vol.	Price($)
1	9315	0.073
1	12222	0.072
2	48571	0.071
5	152285	0.070
1	135456	0.069

Price($)	Vol.	No.
0.076	100000	1
0.079	16428	1
0.080	120000	1
0.081	100000	1
0.082	367502	3

Last trade - 15.52pm 08/10/2024 (20 minute delay)

BAS (ASX) Chart