Hi,
I bought oppies today. Based on the assumption that this will be a successful campaign and the make or break news will be flowing next few months (Before July 23) and I will convert. If the campaign is a failure everyone loses, which we all now hope is highly unlikely especially after the Zoom call today with Scott which I was on and was he very bullish (but contained) as noted by Blue Balls
I had $10k more to invest. This $10k was profit anyway that I made yesterday on a small trade between open and close on IVZ.
Oppies were 10c and Heads were 27.5c
If I bought heads I would have bought 36364 shares
I bought 100,000 IVZO oppies which will cost me $35k to convert.
Both deals cost $10k plus brokerage.
I used a spreadsheet with 5c increments.
Allowing for (SP * Shares -$35,000) vs SP * shares for heads once the SP is above 55c I am in front of heads only.
E.g. @ Sp = $1 my net profit before tax is $55k vs Heads only $26k
This is also if the oppies never trade at a premium once the SP is above 35c which would mean even more profit and no conversion if I can sell on market.
Seemed like a good deal and it gets a lot better from there.
Eg Sp $2 = $155k vs ~$63k etc etc
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Last
7.5¢ |
Change
0.001(1.35%) |
Mkt cap ! $113.7M |
Open | High | Low | Value | Volume |
7.6¢ | 7.6¢ | 7.5¢ | $16.48K | 219.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 249339 | 7.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.5¢ | 7573 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 249339 | 0.074 |
2 | 120000 | 0.073 |
3 | 84432 | 0.072 |
4 | 119050 | 0.071 |
6 | 719580 | 0.070 |
Price($) | Vol. | No. |
---|---|---|
0.075 | 7573 | 2 |
0.076 | 200000 | 5 |
0.077 | 54587 | 4 |
0.078 | 365267 | 3 |
0.080 | 94368 | 4 |
Last trade - 12.22pm 04/10/2024 (20 minute delay) ? |
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