Hey Mick if you think an illiquid market of $1.5 Million dollar...

Hey Mick if you think an illiquid market of $1.5 Million dollar worth has the ability to correctly price the options then you’ve gone very wrong. I sold my OA options at 16c while the heads are at 45c thinking why on earth would someone pay 16c for an out of money option when they can just buy the heads for not much higher price. Likewise I am laughing at the person who sold it to me at 5c, my point is the market can get the price very wrong either way and this creates opportunities. IMO whoever is underwriting/selling the one year option at such low premium is running a huge risk of getting blown out of the water when the sentiment turns. Hence I took the punt. Think about how long it took LPIO to get in the money from totally worthless – all within days.