TOXO is 3c exercise price. By rights being close to expiry and...

TOXO is 3c exercise price. By rights being close to expiry and being in the money it should trade at exactl 3c below TOX. Why? Because right now you could buy TOXO, exercise it for 3c and have yourself 1 full paid TOX share. Most of the time I this close to expiry I have seen options trade at almost exactly where it should be but I have on a number of occasions seen it trade at a discount to the FPO, usually because it lags behind where the FPO is going.

When TOXO was trading at .5c premium to TOX I thought this was a bit high but it can also be an indication of confidence in the FPO rising.

Come close to expiry, if there are any fund managers or large accumulators interested in TOX, you may see them capping TOX but building a position through the options. They do this by buying options, exercising a portion and selling some of that back into the market to depress the fpo which in turn depresses option and do it all again.

Been watching TOXO carefully and its being tightly held. Dumpers have been small and there hasnt been alot to buy into either. Very bullish.

Cheers