If the options are being well traded & are at a premium to the fpo's, it often indicates a run is imminent. Basically its because the bulls anticipating the surge go for the options as better leverage, trading it higher, at a premium to the heads. Equals a "buy" signal.
The converse is true. When a stock is overbought & is about to retrace, investors/traders flee the options first, trading them at a DISCOUNT to the heads. Then its often time to take profits on your heads too, before the general investor realises it!
GGG looking very good, depth is good, and todays candle with the rejection bar is set up nicely for a continuation of the run.
I have a small parcel of GGG
If the options are being well traded & are at a premium to the...
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Last
2.2¢ |
Change
-0.001(4.35%) |
Mkt cap ! $30.89M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.3¢ | 2.1¢ | $37.78K | 1.681M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1510902 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 50951 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ETM (ASX) Chart |