Prior to the suspension ATI last traded at 4 cents ($1 post consolidation) and ATIO I'm pretty sure was 3.2 cents ($.80 post consolidation).
After today's close the heads put on 38% and the oppies 37.5%, however, (theoretically) the oppies should have closed at $1.18 or put on 48% to maintain the 20 cents (exercise price) margin to the heads.
Q. So why should the oppies put on 48% when the heads increased by only 38%?
A. Well the heads started off with a base of $1 and the oppies 80 cents, and point one of a cent increase is a higher percentage gain for the oppies as opposed to the heads.
Confused?
I'm not :-)
ATI Price at posting:
$1.38 Sentiment: Buy Disclosure: Held
