Interesting anomaly developing between the XEN physicals and the...

Interesting anomaly developing between the XEN physicals and the options given the strike price of XENO’s is 8 cents with 2 years before exercise in June 2011. Currently the spread is 6.9c and was as much as 7.4 today meaning little time value is built into XENO’s at the moment. One would have to think that this will rectify quickly as a spread of 4c between physicals and options given 8c exercise and 2 years before expiry is more reasonable, meaning that the XENO’s should be trading 8-9c.

DYOR