so to summaries, you think MTM share price will not be over 31c by end of 2024, so that was your decision to sell at 6c and buy MTM, not because of you think MTM need to test 15.5c so option price will drop.
lets say you sold 1m MTMO at 6c for $60k and you are able to get 387,096 MTM at 15.5c when MTM hit 50c, MTMO should be 25c. for 387,096 MTM is worth $193k and the cost of MTM is $60k for 1m MTMO is worth $250k or you could sell 612,904 MTMO and convert 387,097 MTM and still have around $56k cash and the cost of MTM is $4k
if you really understand how options work then you should know which path will give you better return, and if this is your belief that in 1.5 years time MTM price will be less than 31c and if you buy MTM at 15.5c your max. return is only 100%, and you can make better return on other small cap in 1.5 years time so why buy more MTM by selling out MTMO, that's just not making any financial sense at all.
MTM Price at posting:
19.5¢ Sentiment: None Disclosure: Not Held
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