I bought my options at 2c way back before the disaster. Not really understanding them so I’m after some clarity. (I’m not after a lecture on why I shouldn’t buy options if I don’t know what I’m doing, I originally bought them with intention to sell at higher price).
Miles, after reading into them I see that the exercise price is 3c as they are OA. If I exercised now my total cost would be 5c per share with a 1.5c profit (minus asx charges).
I have read that 1 option contract usually represents 100 shares? Is that correct? Surely not?
Is anyone converting their options currently or waiting to see what happens with the company?
Cheers
I bought my options at 2c way back before the disaster. Not...
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