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!
As long as the VUL SP is above 28.5c there is value in the VULO...
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Last
$3.46 |
Change
-0.050(1.42%) |
Mkt cap ! $595.3M | |||
| Open | High | Low | Value | Volume |
| $3.58 | $3.63 | $3.44 | $1.711M | 485.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1472 | $3.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.50 | 3600 | 1 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
$3.49 |
Change
-0.050 ( 1.06 %) |
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| Open | High | Low | Volume | ||
| $3.59 | $3.64 | $3.44 | 63517 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| VUL (ASX) Chart |