Its fun trading ZIP, even against the professionals:BOT 100 ZIP...

Its fun trading ZIP, even against the professionals:

BOT 100 ZIP ASX Nov17'22 0.85 PUT @asx 0.030 AUD ASX 15:21:27 33.00 null
SLD 100 ZIP ASX Nov17'22 0.85 PUT @asx 0.065 AUD ASX 16:11:47 33.00 null

Just a little play, but seriously, who sells me $0.85 puts at 3 cents when the stock has just rallied 16 cents in the preceding 5 hours? Statistically stupid.

I should have traded in size there. 95% return on capital in less than an hour, albeit on very small size, but a good illustration of the volatility in ZIP pricing that even options mkt makers have no handle on.

Sometimes the markets are just plain stupid in their mechanics. Remember 95% of the 'professional' clown analysts in ZIP at $12+ doing little decent fundamental analysis to dissuade retail exuberance up there and many calling it even higher? Where are they now with ZIP less then a $1? ZIP trading at anything less than $1 billion is silly to me given its business figures, but I still expect to pick up more stock cheaper than $0.75 in coming days alas. Hopefully for ZIP shareholders I am proven wrong.