ECT 0.00% 0.3¢ environmental clean technologies limited.

Are Options Fantastic Leverage?

  1. 2,156 Posts.
    lightbulb Created with Sketch. 292
    Let me get this correct...

    If I have $10k,
    I could buy 500,000 Heads at 2c
    or
    I could buy 1,000,000 Options at 1c, then get a free loan to exercise these to turn them into heads.

    3 years time, if the Shares are worth less than the loan amount I need to pay, I walk away.
    If the Shares are worth more than the Loan amount, I pay the loan, and get all the gains.

    Does this not basically triple the leverage of the options whilst also significantly reducing the risk?

    Options all the way for me personally!

    Please correct me if I am wrong.

    (Opinion only and never trading advice)
 
watchlist Created with Sketch. Add ECT (ASX) to my watchlist
(20min delay)
Last
0.3¢
Change
0.000(0.00%)
Mkt cap ! $9.515M
Open High Low Value Volume
0.3¢ 0.3¢ 0.3¢ $7 2.268K

Buyers (Bids)

No. Vol. Price($)
48 18732946 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 11515586 23
View Market Depth
Last trade - 12.55pm 11/07/2024 (20 minute delay) ?
ECT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.