As it stands, yes.
CRO (Heads) = 0.084c
CROO (Options) = 0.052c
CROO Expiry = 28/07/2023
You buy 1M options @ 0.084c = $84,000
or
You buy 1M options @ 0.052 = $52,000 now and $25,000 (0.025c conversion) later = $77,000 @ 0.077c average
Hypothetically:
Say July 1st 2023 the CRO SP is at 0.007c, you now have a decision to make; do you:
(A) Convert your Options paying $25,000 strike price, putting yourself at a further loss in the hope the SP rebounds
(B) Try to sell your Options to the market for a possible 0.02c or less sell price, you will get smashed for the sale as who would take on that risk without getting them at a steal.
or
(C) Take the $52,000 hit and let the options get taken away from you.
If you had purchased the Heads at 0.084c then you would be at a 0.014c loss with no time limit to expiry.
Long story short, if you are dropping tens of thousands of $ on this investment, make sure you understand every aspect of the pros/cons. If you don't understand, pay the premium and be safe.
- Forums
- ASX - By Stock
- SPX
- CROO - options
CROO - options, page-23
-
- There are more pages in this discussion • 85 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SPX (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $38.92M |
Open | High | Low | Value | Volume |
0.9¢ | 1.0¢ | 0.8¢ | $88.10K | 9.768M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 3163178 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 555000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 3163178 | 0.008 |
13 | 11618083 | 0.007 |
22 | 11234131 | 0.006 |
11 | 9050000 | 0.005 |
5 | 12025000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 555000 | 1 |
0.010 | 5850402 | 16 |
0.011 | 5097750 | 8 |
0.012 | 5282829 | 9 |
0.013 | 801363 | 5 |
Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
Featured News
SPX (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & MD
Charles Armstrong
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online