1S1
I was doing the maths this morning on that as well. Whoever is buying those options is confident that LOM is going to be worth more than 4 cents soon.
Buying options is the best way to get the maximum amount of shares in a company with the cash that you have.
Of course you are paying more over all but if the share price goes through the roof you are still better off because you have a larger holding. By my calculations if they are buying 10,000,000 options the sp has to hit 3.3 cents for them to be better off than buying 5,000,000 LOM shares for the same overall outlay.
I hope they are right 3.3+ cents in the near future sounds great!
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Last
4.8¢ |
Change
-0.002(4.00%) |
Mkt cap ! $13.92M |
Open | High | Low | Value | Volume |
5.1¢ | 5.1¢ | 4.8¢ | $49.09K | 1.02M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 93126 | 4.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.5¢ | 69338 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 93126 | 0.048 |
1 | 150000 | 0.047 |
1 | 40000 | 0.046 |
1 | 13000 | 0.039 |
1 | 96806 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 69338 | 1 |
0.056 | 15000 | 1 |
0.059 | 2055 | 1 |
0.062 | 120000 | 1 |
0.065 | 80000 | 2 |
Last trade - 10.50am 22/08/2024 (20 minute delay) ? |
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LOM (ASX) Chart |