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.
When options are nearing expiry, out is the safe way. The person...
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Last
14.5¢ |
Change
-0.005(3.33%) |
Mkt cap ! $405.9M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 14.0¢ | $277.7K | 1.911M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 1622032 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 106683 | 3 |
View Market Depth
| Last trade - 16.10pm 01/08/2024 (20 minute delay) ? |
| LRS (ASX) Chart |