BAS 7.02% 6.1¢ bass oil limited

Hey Guys, I am doing a spreadsheet Options Calculator and am...

  1. 638 Posts.
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    Hey Guys, I am doing a spreadsheet Options Calculator and am just making sure of the goings on.
    If I buy 50000 Options at 0.09c each, what would I have to pay out to convert to Heads?
    My figures say $6000 to convert with Strike price set at 0.12c valid until Sept 30 '24
    Profit margin = Assuming a price of option 9c + 12c strike price = 0.21c e.g.
    Apart from brokerage, am I missing anything?

    Scenario: On 50000 options @ .09c with a Heads value of say .80c after conversion,
    I make it that profit would be in vicinity of $29500 with 50000 heads being worth $40000
    Are my calcs correct?

    Also, does anyone know how the Conversion transaction carried out?
    Is it done via BAS or via Trading Platform?

    Thanks
 
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