I can't help but notice how undervalued GMNO was and still is. 1c strike price with a 2026 expiry. Yesterday the price his 1.55c and still the options were 0.6c. I've never seen options underperform to such an extent. Does anyone know why this is? At 1.5c I would presume the price should be at 0.9c or 1c.
Back in November 2022, GMNOB (2024 expiry with a strike price of 2c) hit 0.8c when the heads hit 1.4c. GMNO has half the strike price plus double the expiry, yet 0.6c when stock price hit 1.55c.
Can anyone explain why this is??? It's so confusing!
GMN General discussion, page-556
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Last
0.4¢ |
Change
-0.001(12.5%) |
Mkt cap ! $10.41M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $12.28K | 3.080M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 51 | 79236185 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 25087669 | 18 |
View Market Depth
| Last trade - 11.04am 27/05/2024 (20 minute delay) ? |
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Last
0.4¢ |
Change
-0.001 ( 12.5 %) |
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| Open | High | Low | Volume | ||
| 0.4¢ | 0.4¢ | 0.4¢ | 3000000 | ||
| Last updated 11.26am 27/05/2024 ? | |||||
| GMN (ASX) Chart |