Calls allow the purchaser the right to call away stock at an agreed price at a certain date.
For example if I am pretty sure IMMP is likely to hit $9 in November and have $27,000 to invest.
How can I make the most return?
I could buy 7,300 shares at ~3.69 and make $5.31 make $38,800 profit or I could buy calls for 54000 shares for the same price and make $243,000 in profits. That looks like what happened today in the US market.
Some folks are seeing a huge upside. If they are correct then IMM will be over 1.20 on ASX
Hope these speculators get rich.
Media, page-110
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Last
29.5¢ |
Change
0.005(1.72%) |
Mkt cap ! $428.5M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 30.5¢ | 28.5¢ | $469.8K | 1.579M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 297652 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 7500 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| IMM (ASX) Chart |