The maths is pretty simple. The options are worthless until they get to 8.2c on todays pricing of options. You are paying 1.7c per option on the basis that in 1000 days the head price will exceed this and even then they are worth the head price less 6.5c per share at exercise date. Sure, the option boys have leverage over that period but that's the risk/reward based on all things known and anticipated currently. Sellers are obviously happy to dispose of the options at 1.7c because they are not buying into the confidence that the SP will go past 8.2c in the next 1000 days. pretty simple really.
I'm a holder but happy if the head share SP goes anywhere past my average buy in price in the next week next month or next year.
The maths is pretty simple. The options are worthless until they...
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Last
32.0¢ |
Change
-0.010(3.03%) |
Mkt cap ! $15.48M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 32.0¢ | $6.532K | 19.88K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15000 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 5000 | 1 |
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| Last trade - 14.37pm 04/09/2024 (20 minute delay) ? |
| RGT (ASX) Chart |