Unfortunately, only management is to blame for this destruction of value in the options - even if it is only short-term, as I suspect it will be. Giving away shed loads of free options, whilst in the money, is a questionable move at the best of times and never serves the interest of genuine SH's in the long-term.
My question is why are they being dumped in this manner - it's completely backwards to see the options lead the heads in this type of selldown with so long remaining on the expiry date (June '22). Any rational trader would convert the options for the 1.1c strike price and then sell, as there's far greater liquidity in the BRK heads at present.
Very unusual trading - I don't remember ever seeing this type of action in ~20 years of trading options.
Unfortunately, only management is to blame for this destruction...
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Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $57.27M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.2¢ | $40.15K | 3.342M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 49 | 44283655 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 19551168 | 26 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| BRK (ASX) Chart |