All of last week the heads traded, IMO, exceptionally above the normal high Bollie Band pattern (20,2) to the next-higher pattern (20,3).
But, again IMO, each day’s closing SP of the Oppies – TMGOD - with a year to run @ an Exercise price of 3.0 cents, has been “lagging” behind the heads – i.e. with an unexplainable negative intrinsic value – i.e. at an av. Gap of 3.4c below the heads (3.1 on 2 days, and 3.4 - 3.6 on the other 3 days)
rather than
with a normal difference – of, IMO, ~ 2.3-2.5c - representing the intrinsic value “built in” (for the remaining 1-year time value component) = to LESS THAN the 3.0 cents exercise price.
i.e. with the heads CP yesterday of 8.1 the Oppies s/b trading @ 5.6 to 5.8, instead of 4.5.
Another criterion – for deciding what SP to bid at on Monday, for the Oppies, giventhe extraordinary rise in the heads SP this week, IMO too far, too fast, as I’ve said in a recent post. Post #: 78795824
is to consider whether the trader-heavies will
1) on Monday or Tuesday, conduct a sell-off in the heads – maybe back to as low as 7.4 – the previous highest high mentioned in that post.
I’m currently sitting as a bidder for some Oppies – as 2nd & 3rd of 4 bidders @ 4.3, the only bidder @ 4.2, and the 1 st of 2 @ 4.1.
i.e. these bids could all be sold into very quickly – perhaps in 1 or 2 swoops – to my detriment, due if the heads get swooped on too, down to 7.4, the Oppies will then likely trade @ 3.9 (7.4 less the av. diff of 3.5 mentioned above).
Or
2) not sell off heavily, in which case 2 of my 3 current bids may get filled, to my satisfaction.
What are other posters opinions? –about what they would do in my circumstances.
I love this stock – its got a huge future given it’s fundamentals both here in Oz @ Wild Cattle Creek, and to a greater extent, at their Utah Antimony Canyon Project.
(20min delay)