I didn't suggest it explains the rally to $2.75.
But it does explain the drop from $2.75 to $2.6. People taking the opportunity to sell shares at more than the option price. will tend to push the price down. The fact it didn't go below $2.6 means that there hasn't been enough profit for the sellers to justify them accepting a lower price.
Prices can't be pushed down further than sellers are willing to go.
Down 7% ?, page-18
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Last
$2.25 |
Change
-0.010(0.44%) |
Mkt cap ! $799.3M | |||
| Open | High | Low | Value | Volume |
| $2.26 | $2.26 | $2.24 | $649.9K | 288.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 34464 | $2.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.25 | 8436 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| WGB (ASX) Chart |