You are 100% correct. I bought 250k last week and 250k today at 0.4 cents, a total of 500k MGTOC for only $2k. The leverage on these makes the risk reward very much worth it to take a punt despite the short time to expiry.
If on the back of a good PFS, MGT can double and go to 10c, MGTOC should be close to 5c, so my $2k investment would be worth $25k, so 12.5x.
If MGT triples to 15 cents and MGTOC close to 10c, the $2k investment should be worth around $50k, so 25x.
Hopefully we can get a good PFS before options expiry.
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You are 100% correct. I bought 250k last week and 250k today at...
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Last
27.0¢ |
Change
-0.010(3.57%) |
Mkt cap ! $26.57M |
Open | High | Low | Value | Volume |
30.0¢ | 30.0¢ | 27.0¢ | $43.26K | 158.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 101509 | 26.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.0¢ | 15174 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 101509 | 0.265 |
5 | 212218 | 0.260 |
2 | 50000 | 0.255 |
5 | 20500 | 0.250 |
1 | 10000 | 0.240 |
Price($) | Vol. | No. |
---|---|---|
0.270 | 15174 | 1 |
0.300 | 16291 | 2 |
0.305 | 42319 | 1 |
0.315 | 10300 | 1 |
0.330 | 6599 | 1 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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MGT (ASX) Chart |