AXMR still changing hands for less that half their theoretical base-case value given than AXM is trading up to $0.049 so far today.
Anyone care to hazard a guess what would possess someone to buy 10 AXM shares for 49c today, when they could the same exposure, plus a free option for 4c up front and potentially 40c at the end of the month?
Buying AXMR means that if AXM drops in price then your downside is limited, but if it goes up then your upside is leveraged... and it gives you 3 weeks to see which way the wind is blowing!
I just don't get it! Is it collective insanity or is the math just too complex?
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