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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Last
24.0¢ |
Change
-0.005(2.04%) |
Mkt cap ! $24.55M |
Open | High | Low | Value | Volume |
24.5¢ | 24.5¢ | 23.0¢ | $4.526K | 18.95K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 137532 | 23.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.0¢ | 86500 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 137532 | 0.230 |
4 | 29277 | 0.225 |
5 | 100050 | 0.220 |
1 | 10000 | 0.205 |
6 | 47750 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.240 | 86500 | 3 |
0.245 | 9585 | 1 |
0.250 | 22500 | 1 |
0.280 | 30319 | 2 |
0.285 | 77062 | 1 |
Last trade - 13.41pm 30/08/2024 (20 minute delay) ? |
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