Option price of 0.9 - 1c for an option with an exercise price of 2.5c when the SP is 3.4c.
Time premium almost zip. Maybe 0.1- 0.2 c
So if you're looking for leverage on a speculative trade on the verge of a breakout, there aren't a lot better around.
Scenario if you follow some of the Technical Analyst guys, and their targets, COULD be as follows. SP breaks out and heads towards 5 - 6c. Option will trade at around 2.5 -3.5c
Whilst the Heads will make 100%, Options will make 150-250% + .. One of the better spec trade opportunities, I've seen for a little while.
Caveat for newbies.. Options can be risky when they reach expiry, if out of the money, (you can lose your money)
DYOR.
AVL Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
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