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lol Hunterr how on earth is it a robbing Peter to pay Paul...

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bellmatic

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24/04/24

16:37

Post #: 73501996
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Originally posted by Hunterr: ↑

Hello, I have asked this question awhile ago. Maybe you did not read it because I did not get a response or maybe you don't want to answer it which is fine.
But what is the reasoning of buying $4.25 options ?
When you can buy on market and acquire so much more today's price, you will have 10,000 extra shares for every transaction and when we were trading around $.70, you're around $20,000 Extra shares Monthly better off.
Today's prime example if you use your money $20,000 worth. We won't be sitting on $1.29. We could of closed at $1.44 so I don't understand the reasoning for it. Yes it's it's a good example and confidence and yes the money goes into RAC account,
But just still does not make sense to me to do it this way. Is there any reasoning besides what I just said?
Seems like Robin Peter to pay Paul scenario you are better off purchasing on market and therefore the share price rising

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lol Hunterr how on earth is it a robbing Peter to pay Paul scenario?

RAC Price at posting: $1.29 Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last $1.55		Change -0.070(4.32%)		Mkt cap ! $267.4M

Open	High	Low	Value	Volume
$1.62	$1.65	$1.54	$145.6K	91.60K

Buyers (Bids)

No.	Vol.	Price($)
2	5700	$1.55

Sellers (Offers)

Price($)	Vol.	No.
$1.59	296	1

View Market Depth

No.	Vol.	Price($)
2	5700	1.550
2	1629	1.545
1	1500	1.540
1	3000	1.515
2	8500	1.510

Price($)	Vol.	No.
1.585	296	1
1.590	2500	1
1.620	2050	1
1.650	4677	2
1.660	500	1

Last trade - 16.10pm 31/07/2024 (20 minute delay)

RAC (ASX) Chart