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waacy

15 Posts.

05/10/17

14:24

Post #: 27685155
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Originally posted by kellbys ↑

romywants,

you can buy and trade them just like the full shares on market. Or you can hang onto them and exercise them at any time before they expire for the exercise price of 0.025c and convert them to fully paid shares. They expire in August 2018 so only 10 months time.

The main reason to buy options is for the leverage they offer longer term.

If you purchased say 200000 options at 0.02c today it would cost you $4000.00

If you purchased $4000 worth of the heads at say 0.045c would give you 88888 full shares.

So if the share price then ran up over the next couple of months to .09c you would only double your money on the heads , but more than triple your money on the options if they tracked the heads and you sold them at 0.065c ( being 0.09c - exercise price of .025c).

Hope that helps.

I bought a stack of options at .02c for the leverage today. looks to tempting to me.....

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Hi Kellbys,
Could you please explain a bit more on how/where to purchase the options?
are they exercisable immediately?

Much appreciated.
Wesley

ASN Price at posting: 4.4¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 13.5¢		Change 0.005(3.85%)		Mkt cap ! $174.2M

Open	High	Low	Value	Volume
13.0¢	13.5¢	12.5¢	$167.6K	1.268M

Buyers (Bids)

No.	Vol.	Price($)
4	130030	13.0¢

Sellers (Offers)

Price($)	Vol.	No.
13.5¢	483783	14

View Market Depth

No.	Vol.	Price($)
1	698	0.160
6	183600	0.130
8	444080	0.125
28	905906	0.120
12	1078112	0.115

Price($)	Vol.	No.
0.135	459683	14
0.140	983030	21
0.145	643150	14
0.150	797456	11
0.155	283371	5

Last trade - 16.10pm 20/05/2024 (20 minute delay)


Last 13.0¢			Change 0.005 ( 4.00 %)
Open	High		Low	Volume
13.0¢	13.5¢		12.5¢	903926
Last updated 15.59pm 20/05/2024 ?

ASN (ASX) Chart