LRV 8.33% 11.0¢ larvotto resources limited

LRVO, page-65

  1. 9,918 Posts.
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    30% less?
    ok think about this when LRV is at $2
    if at 30% less LRVO would be $1.4
    strike price is $0.3
    so when you want to buy LRV you have to pay $2
    but when you buy LRVO you only have to pay $1.4 today
    and $0.3 before expiry so total cost for your share is $1.7
    so you don't go by percentage, you work out the value of option by subtracing the strike price then +/- premium/discount.
 
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