When options are nearing expiry, out is the safe way. The person selling 4 million probably thought nobody would want them. The buyer, on the other hand, either knows something or, more likely, is just taking a gamble (and good luck to him/her). This is not a case of seller v buyer with equal chances.
As a matter of interest I got out of my options several months ago because I am more risk adverse. However, I am in LRS so I am prepared to gamble a bit and my gamble is that LRS is a good thing in the medium/long term.
Highly undervalued, page-1600
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Last
16.0¢ |
Change
-0.020(11.1%) |
Mkt cap ! $447.9M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.8¢ | 16.0¢ | $4.686M | 27.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 2472953 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 1202344 | 3 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| LRS (ASX) Chart |