I added more yesterday. One thing I have learnt over the years is option vs head price is a great indicator of overall sentiment of a stock.
When heads were in the $1.25-1.30 range, the options were trailing by 10-15c to conversion + market price.
When heads dropped to $1.05, options were only trailing by 2-3c.
This is usually a great indicator on whether games are being played to supress the price in order to accumulate before the SP rebounds back up. If investors were no longer interested in the stock, you would see the options trail by a lot more as the SP retraces.
Just something I have learnt over the years, thought I'd share
I added more yesterday. One thing I have learnt over the years...
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Last
$3.79 |
Change
-0.070(1.81%) |
Mkt cap ! $184.9M | |||
| Open | High | Low | Value | Volume |
| $3.70 | $3.92 | $3.53 | $2.091M | 564.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 922 | $3.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.80 | 10000 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| FND (ASX) Chart |