Hmmm... consistent with current trend of Issuer manipulation by tanking I/Vol into underlying rallies ... the 'desperate of the day' award goes to SGA ...
CBAWGN has been tanked on open to $0.235/$0.240 which equates to 0.00% Imp/Vol.
Historical Volatility showing 11.27% representing the narrow recent Underlying trading range.
Recent Imp/Vol has been in the 13.5-10.5% range representing reasonable value ... the drop to 10.5% was as you guessed it at a recent upside movement causing CBAWGN holders the usual (wot the fark!!) grief.
If SGA had held the Imp/Vol at last weeks ave (10.5%) then todays FAIR VALUE would be $0.2573 or +9.5%.
This difference might first seem small but considering that CBAWGN is trading at $0.19 intrinsic (Strike $26.50) the Imp/Vol antics really translates into another 35.4% rip-off.
Note: Parity's data for this Warrant Offering interestingly is showing "N/A" for Imp/Vol ... wonder why guys ???
It's just wot we are having ...
This is only my view ... read the red stuff.
Hmmm... consistent with current trend of Issuer manipulation by...
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Last
$149.79 |
Change
0.470(0.31%) |
Mkt cap ! $250.6B | |||
| Open | High | Low | Value | Volume |
| $149.30 | $150.35 | $148.86 | $301.3M | 2.014M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 450 | $149.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $149.80 | 350 | 2 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| CBA (ASX) Chart |