The key bit: out of the money. Just like the first time around.
The value of the oppies at the time of expiry will be exactly the same as they were upon issue: worthless.
I said as much when they were issued, care of the Black-Scholes Model. And yet many perma-bulls were calling them a "good investment"; one as recently as this week. Holders will need to incorporate the cost of oppies into their average buy for heads.
General Comments, page-3404
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Last
3.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.24M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 64999 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 196050 | 2 |
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