SRT 7.89% 17.5¢ strata investment holdings plc

last week and the week a head!, page-392

  1. 380 Posts.
    Premium is 1.7c per option
    To change your options into shares you will have to pay 0.008/ option you hold and then you will have the shares at whatever SRT is trading at. The extra 0.009 you pay at the moment is because share price has gone up since options listed. The more expensive the options get the less you get to exercise and turn into shares.

    Spot on?

    $10,000 at 1.7c = 588,000 options
    Pay 0.008x 588,000 = $4700 to obtain 588,000 shares that you can sell at 2.4c right now

    Please correct me if I'm wrong here.
 
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