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agreed, options make no sense IMO, just get on the heads.

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Salubrious

6,682 Posts.

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23/04/19

13:08

Post #: 38235994
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Originally posted by Hingdog: ↑

I know how options work, thanks EN1O sellers at 1c can't believe their luck, getting something for their worthless options.

Seriously, when the heads are trading at an 84% discount to the expiry price, why would anyone such a high price for the options? It doesn't make sense to buy options where you need at least 6 bags on the heads to make the leverage worthwhile but I guess it's a sign of the current market with a new lot of newbies lining up for shearing

p.s 40c is almost 40 bags from the lows, while nothing is impossible that's asking a lot

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agreed, options make no sense IMO, just get on the heads.

EN1 Price at posting: 4.8¢ Sentiment: None Disclosure: Held
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