Hi guys,
Sorry for the amateur post here, but I am interested in learning about options.
As I understand it, the BIGO options are call options, so if I was to buy, for example 1000 of these, come the expiry day (or sometime before then), I can choose to exercise the options and buy shares for the strike price (25 cents in this case). ASX options generally represent 100 share packets so I would have the opportunity to buy some or all off the 1000 X 100 (100 000 shares) at a price of 25 cents and any options that I choose not to convert will simply lapse.
Given the way these call options are going at the moment, it's a pretty good deal then as hopefully by the end of the year we will be at $1 or so per share.
Any help appreciated and thanks in advance.
BIG Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held
