Very expensive way of preserving capital. You could have bought the heads yesterday at 1.8c saving .24c. This equates to a risk free 4 month return of 40%. The SP will probably be even lower today unless something very unusual happens.
Out of the money options like this have value if there is something that might drive the SP over the strike price before they exprire. I can't see what could possibly do this. There may or may not be value in 88E, but the news flow is going to be very low low until next year.
Very expensive way of preserving capital. You could have bought...
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $44.99K | 22.49M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 356 | 986681145 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 31065844 | 7 |
View Market Depth
| Last trade - 10.51am 11/11/2024 (20 minute delay) ? |
| 88E (ASX) Chart |