CB,
ELI5 - option purchasers (18,000 this morning) see the share price value at a minimum of 37c on or before july 2021.
ELI25 - it was a wide spread and someone hit the ask this morning on VRXO. it shows confidence in the future share price of the heads, and is a great entry price. It was a better value 3 days ago at 15 - 16c, where many options changed hands.
The current 6c premium on the options *could* be based on the year high of VRX shares (42c) which values the VRXO at 24c. If someone saw the 6c ( 22% - approx 27c - 33) intraday volatility on yesterday's VRX shares, bouncing off resistance at 28c, closing on the high.... then the 6 months time premium for VRXO represents great value and an ability to almost double your leverage.
Truth is - all we really know is someone thought that 18,000 of them were good value @19.
My perspective on VRX is very positive and as i start looking for trading opportunities on this stock - VRXO represents good value, and probable (IMHO) 2x or possibly 3x investment returns in 6 months.
That is - *IF* you know what your doing and understand the risks of derivatives (which have no intrinsic value or asset backing and are actually worth $0)
Apo!DYOR - not investment advice
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Last
3.0¢ |
Change
-0.001(3.23%) |
Mkt cap ! $18.84M |
Open | High | Low | Value | Volume |
3.1¢ | 3.1¢ | 3.0¢ | $2.77K | 92.32K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 434666 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.1¢ | 24678 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 434666 | 0.030 |
3 | 231034 | 0.029 |
1 | 100000 | 0.028 |
2 | 160000 | 0.027 |
1 | 300000 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.031 | 24678 | 1 |
0.032 | 194896 | 1 |
0.033 | 16193 | 1 |
0.036 | 286529 | 1 |
0.037 | 106412 | 2 |
Last trade - 11.21am 19/08/2024 (20 minute delay) ? |
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VRX (ASX) Chart |