. are you saying since MTM is less than 25c the strike price, MTMO should not be worth 6c? and you are encouraging others to sell if they can because MTM price needs to test 15.5c again? I don't get what is your logic here and wondering if you know how does the option work and how to value them.
you also said you got some option for 2c, so what was the MTM price back then? should be less than 25c, so the option should worth zero base on your above statement, so I checked the options was around 2c in early April, at the time MTM price is around 10c and less, so 15c more is required to hit the strike price, more than 11c as you mentioned above, so why did you buy at 2c when the head is 15c lower than the strike price. If we consider the cost of option + strike price - current MTM price, for option cost at 6c + 25c strike - 19.5c MTM price is 11.5c, in your case is 2c + 25c - 10c = 17c so the risk you are taking before were much higher than what it is right now, don't you think?
MTM Price at posting:
19.5¢ Sentiment: None Disclosure: Not Held
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