It’s a formula to calculate the premium of an option with variation over time.. I don’t really use it as all I care about is the end result..
I keep it simple and calculate premium to the current heads (fpo on market) so the variation is the closing the price at any given time..
So I picked up the b package earlier at 1.1c , my initial free options total was 478538, I purchased an additional 521462 on market..
So my total outlay rounded for 1m options is .006c.. so add the 9c conversion price and it’s 9.6c..
Currently I can buy fpo on market at 5.2c so if I was to convert today I’ve paid a premium of roughly 82% or 4.4c
But I’ve got time until I have to convert (or not) and leverage on those increases exponentially above the 9.6c pricepoint..
The risk is the heads stay under 9.6c come expiry which I consider unlikely but it’s always risk.. from
a monetary point of view I’d loose $6k..
However the payoff is huge if everything comes together..
Say on 20 Jul 2021 heads are trading at 50c.. I pay 90 grand to convert my 1m options and sell those on market for $500k..
Theres the end result...
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0.5¢ |
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Mkt cap ! $4.066M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $1.5K | 300K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 3759413 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 1205690 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 3759413 | 0.005 |
9 | 7804194 | 0.004 |
14 | 19406780 | 0.003 |
4 | 4399980 | 0.002 |
4 | 7199950 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 1191940 | 4 |
0.007 | 947600 | 4 |
0.008 | 950160 | 3 |
0.009 | 1033282 | 3 |
0.010 | 1000000 | 1 |
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