$LRS Twitter, page-55

I see you are holding options, my favourite. Totally undervalued

take for example

WCNOE OPTION EXPIRING 28-FEB-2024 trading at 0.7. strike price 1.5 , heads WCN trading at 1.4 so below strike by one pip therefore heads need to get to 2.2c to break even

oaro option expiring 31/12/2021 trading at 0.4c. strike price 4c, heads Oar trading at 2.5c so below strike by 15 pips therefore heads need to get to 4.4 to breakeven


Lrsoc is 1.2 strike , heads LRS trading at 1.6 , so they are 4 pips in the money, therefore 3 pips premium. Therefore heads LRS need to get to 1.9 to breakeven. We reached a high of 1.9 yesterday . I'm not implying that the others are overvalued, I'm just saying how cheap LRSOC are.
anyone can use Black and Scholes options value calculator online and see the value of LRSOC is sitting at 1c when the heads are 1.6c. and remember every pip the heads go up then the option go up as well because they are in the money. Glta