As long as the VUL SP is above 28.5c there is value in the VULO options.
Logically, with the VUL shareprice currently at $1.005, the options should be trading at a minimum of ($1.005c - 28.5c) = 72c, plus the cost of the 'exercise money' (say another 2-3c) until 20/1/21.
As the exercise date is not until 21/1/21 you don't have to pay the 28.5c for another 4 months.
Hope that makes sense - it's quite simple really!
Been a bit quiet here lately., page-192
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Last
$4.24 |
Change
0.000(0.00%) |
Mkt cap ! $797.9M | |||
| Open | High | Low | Value | Volume |
| $4.29 | $4.32 | $4.20 | $264.0K | 61.63K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 307 | $4.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.25 | 2770 | 6 |
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| Last trade - 10.23am 20/06/2024 (20 minute delay) ? |
| VUL (ASX) Chart |