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Why would you celebrate with a cigar for converting options...

  1. nellq
    247 Posts.
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    27/07/23
    11:24
    Post #: 69010460
    Why would you celebrate with a cigar for converting options which are only just in the money? Isn't that the same as buying the underlying? I never traded options. Also, no conversion means lost money for the co but they have earnings already, and would the conversions not have caused a sell off? Instead, a stable price now by the looks of it. Very different trading today.

    1CG Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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