Punters also need to be aware that a buy and hold on options can be lucrative but also dangerous. If the market turns against you you might not be able to get out of your position and the options don't get exercised so expire worthless. Most company option start with a time frame of 3 years. Time has value and as time moves on the value decays. Once in the last 6 months the time decay accelerates massively. March 22 gives us plenty of time value and we should know whether we are on a winner before years end I would think. So atm the options offer excellent leverage to growth and value. Once securely above the exercise price (in the money) the returns will be significantly above holding the head share with the option of exercising down the track. You have bought the option to buy the head share at 5c anytime before March 2022 (or sell your option on market).
Remember one thing though everyone, far more option series expire worthless than get exercised.
As always, risk vs reward!
I personally think this one stacks up
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Last
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Mkt cap ! $3.143M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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15 | 6845335 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.5¢ | 78512 | 1 |
View Market Depth
No. | Vol. | Price($) |
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15 | 6845335 | 0.004 |
10 | 6133244 | 0.003 |
5 | 2985484 | 0.002 |
5 | 11300000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.005 | 78512 | 1 |
0.006 | 1700000 | 3 |
0.007 | 1520011 | 5 |
0.008 | 1028000 | 2 |
0.009 | 833325 | 2 |
Last trade - 16.12pm 06/05/2024 (20 minute delay) ? |
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0.5¢ | 0.5¢ | 0.5¢ | 100000 | ||
Last updated 14.50pm 06/05/2024 ? |
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