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1.23%

40.0¢ magnetite mines limited.

MGTOC MGTOD Options, page-5

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Teddybear123

3,130 Posts.

361

03/02/21

10:20

Post #: 50663940
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Originally posted by BullishTrends: ↑

ok, so if you buy 1 option at half a cent (current) and share price say hits 10c before expirey and you want to take advantage of your option you will have to pay 5c to convert that option into a share before you can sell the share at a profit
Or you could sell the option just like you bought it in this scenario, most likely at a profit, as long as it is before expirey.

example.
1 option bought at 0.5c then executed for 5c = 5.5c total cost for the process to receive 1 share, then if you sold the share at 10c SP it would = 4.5c total profit per option (specifically referencing the scenario described above)

hope this helps

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Meanwhile back at the ranch good start to the day a bargain is a bargain in anyone's language.

MGT Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 40.0¢		Change -0.005(1.23%)		Mkt cap ! $39.86M

Open	High	Low	Value	Volume
40.5¢	40.5¢	40.0¢	$4.349K	10.77K

Buyers (Bids)

No.	Vol.	Price($)
1	15958	39.0¢

Sellers (Offers)

Price($)	Vol.	No.
40.0¢	13206	2

View Market Depth

No.	Vol.	Price($)
1	15958	0.390
1	7312	0.385
2	32410	0.380
1	6484	0.375
3	66882	0.370

Price($)	Vol.	No.
0.400	13206	2
0.405	7218	3
0.410	17250	3
0.415	40000	2
0.430	33333	1

Last trade - 11.18am 29/05/2024 (20 minute delay)


Last 40.0¢			Change -0.005 ( 1.23 %)
Open	High		Low	Volume
40.5¢	40.5¢		40.0¢	2228
Last updated 11.18am 29/05/2024 ?

MGT (ASX) Chart

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