People are paying a premium because of the time value of money.
E.g say you want to buy 100,000 shares now at 0.036 it will cost you $3600.
If you want to hold the stock for long term, you can buy options instead, 100,000 x0.023 cost you $2300.
Say in 2 years time you want to sell your shares and the price is now 10 cents.
you convert your options it will cost you 0.025 cents per option so another $2500 in total. So total cost is 2300 +2500 = $4800, which you can sell immediately for $10,000 dollars.
the key here is, you paid $1300 less overall during the whole 2 years. Which you could have used to invest in other things and made more money. (Time value of money- a dollar today is worth more than a dollar tomorrow)
If you were to buy the shares directly, it would have cost you $3600 upfront, meaning you will have less money to do other things. This is just a financial thing, time value of money opportunity costs etc... Its a premium
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Last
0.9¢ |
Change
-0.001(5.26%) |
Mkt cap ! $38.92M |
Open | High | Low | Value | Volume |
0.9¢ | 1.0¢ | 0.9¢ | $33.61K | 3.497M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 8434437 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 6197385 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 8434437 | 0.009 |
16 | 9451685 | 0.008 |
11 | 8285419 | 0.007 |
6 | 3283500 | 0.006 |
3 | 1800000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 6197385 | 16 |
0.011 | 4686363 | 7 |
0.012 | 11350728 | 13 |
0.013 | 6369300 | 6 |
0.014 | 5607378 | 8 |
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