ccco - on the cheap

Just checked out the premium on the options that will expire on 13th Jan 2013.

This is ridiculus folks, note that is is normally about 2.4c. Look at the last couple of days. it is now down to 1.8c.

Opportunity knocks if the share price maintains this level or moves on.

Time to revisit the oppies as they seem to be very cheap. Their price increase has not kept in step with the shares


Share S/P Option O/P Premium
10-Dec-10 CCC 0.07 CCCO 0.044 0.024
13-Dec-10 CCC 0.069 CCCO 0.043 0.024
14-Dec-10 CCC 0.068 CCCO 0.041 0.023
15-Dec-10 CCC 0.067 CCCO 0.042 0.025
16-Dec-10 CCC 0.065 CCCO 0.04 0.025
17-Dec-10 CCC 0.067 CCCO 0.042 0.025
20-Dec-10 CCC 0.068 CCCO 0.043 0.025
21-Dec-10 CCC 0.07 CCCO 0.044 0.024
22-Dec-10 CCC 0.071 CCCO 0.045 0.024
23-Dec-10 CCC 0.069 CCCO 0.046 0.027
24-Dec-10 CCC 0.072 CCCO 0.046 0.024
29-Dec-10 CCC 0.074 CCCO 0.048 0.024
30-Dec-10 CCC 0.073 CCCO 0.046 0.023
31-Dec-10 CCC 0.072 CCCO 0.045 0.023
4-Jan-11 CCC 0.071 CCCO 0.047 0.026
5-Jan-11 CCC 0.075 CCCO 0.048 0.023
6-Jan-11 CCC 0.084 CCCO 0.054 0.02
7-Jan-11 CCC 0.08 CCCO 0.05 0.02
10-Jan-11 CCC 0.085 CCCO 0.053 0.018

I calculated the prwmium by what the Share price - the option price which is then subjected from is needed to be chipped in to turn the options into shares.

So for the 10th of Jan the calc is 5c - (8.5c - 5.3c)