Because I believe the SP will be far above $4.25 before the options expire. By taking half my salary in options I am able to effective buy a Race share now for 19c (i.e the BS value of the options back in November).
If I am right then I will end up with around 3 million more Race shares than I would have if I had just put half my salary into buying extra shares on market.
I am a big believer in revealed preferences. Don't believe what someone tells you, believe what their actions reveal.
Ann: Quarterly Activity Report & Appendix 4C, page-79
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Last
$1.70 |
Change
0.090(5.59%) |
Mkt cap ! $289.5M | |||
| Open | High | Low | Value | Volume |
| $1.60 | $1.76 | $1.59 | $142.7K | 84.97K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 17175 | $1.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.77 | 6060 | 1 |
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| RAC (ASX) Chart |