Hi JJ
I think you are on the money! It appears we have seen the worst of the dip - until the end of October.
I Bought into the GLV Options yesterday at 0.9c, it seems like a no brainer. You can really leverage your holding, because they are sooooooo cheap, 0.9c to 1.1c is 22%.
Options typically equal share price, minus the strike price x future premium. O$ = SP$ - (Strike x FP). the closer we get to December 2022, the strike will increase to the 2c strike. However at the moment its 1.4-1.5c less than the share price.
Optimistically leading to drill I don't think anyone would be surprised to see the SP hit 8c. If you bought in today your returns could be as follows;
- Shares: 8c/2.5c = 320%
- Options: (8c - 2c strike)/1.1c = 545% (Pessimistic - is assuming the strike price maximum of 2c)
- Options: (8c - 1.5c strike)/1.1c = 590% (Optimistic - is assuming the strike price 'minimum' of 1.5c)
I know which return I would rather with the same risk profile.
GLAH
Regards,
Excited Pratta
- Forums
- ASX - By Stock
- CND
- Ann: Strategic Interest in Drill Ready Multi TCF Sasanof Prospect
Ann: Strategic Interest in Drill Ready Multi TCF Sasanof Prospect, page-62
-
- There are more pages in this discussion • 64 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CND (ASX) to my watchlist
|
|||||
Last
3.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.38M |
Open | High | Low | Value | Volume |
3.6¢ | 3.7¢ | 3.6¢ | $4.819K | 131.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 165273 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.7¢ | 4035 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1126228 | 0.035 |
4 | 566700 | 0.033 |
4 | 2960890 | 0.032 |
4 | 1493450 | 0.031 |
2 | 595934 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.037 | 4035 | 1 |
0.039 | 100000 | 1 |
0.040 | 250750 | 1 |
0.041 | 309578 | 1 |
0.044 | 13333 | 1 |
Last trade - 15.36pm 19/07/2024 (20 minute delay) ? |
Featured News
CND (ASX) Chart |