Totally agree. Why would you convert unless you are trying to play the arbitrage between the heads and options.
I am thinking of playing the arbitrage, purchasing 2-3 millions options at a time, and converting to heads. Every 1c difference between the option conversion price, and the main share price, per million options converted is $10k, so potentially $10k-$30k profit at current discounted levels
Potentially very risky, but potentially very rewarding.
Noggie
Read disclamier below.
This is not advise.
Totally agree. Why would you convert unless you are trying to...
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $50.63M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.1¢ | $31.56K | 2.869M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 7358322 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 1609381 | 1 |
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| Last trade - 11.45am 03/10/2024 (20 minute delay) ? |
| SPX (ASX) Chart |