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30.0¢ argent biopharma limited

MXCOD Options, page-12

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jaguar68

6,690 Posts.

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15/05/19

17:54

Post #: 38581264
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Originally posted by pnh88: ↑

The real value in the options is the leverage factor should the price of the heads move above 6.9c in the next 45 days assuming the heads are currently 6.4c and options are 0.5c. The way the heads are going atm anything is possible. Its more of a hedging strategy if your view is that that the heads will be significantly higher than 6.9c by june 30. All we need is a positive cashflow from cannEpil sales or some other forward confirmed order through MGC's distribution network and the heads would go berserk as this is what the market is waiting for.
So lets say you pay .005 today for 1000000 options = $5000
In a few weeks time heads move to 9c. You convert options @ 6.5c to heads = total cost $70,000 (incl options)
Sell heads = $90,000 -$70,000 = $20,000 profit by buying options now.
The higher the heads before exercise date the bigger the profit compared to buying heads at 6.5c now.
The higher the heads go the higher the premium paid for options.

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The heads are getting really close indeed , you are right any positive announcement regarding cashflow, 8 to 9 cents is very possible by the end of june , I know of a few brokers and chart experts which are watching very closely or they are buying huge chunks of shares the charts look very impressive indeed.

MXC Price at posting: 6.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 30.0¢		Change 0.045(17.7%)		Mkt cap ! $13.58M

Open	High	Low	Value	Volume
25.5¢	30.0¢	25.5¢	$1.492K	5.713K

Buyers (Bids)

No.	Vol.	Price($)
1	1292	25.5¢

Sellers (Offers)

Price($)	Vol.	No.
30.0¢	5	1

View Market Depth

No.	Vol.	Price($)
1	1292	0.255
1	12239	0.250
1	17426	0.205
1	35000	0.200
1	15389	0.195

Price($)	Vol.	No.
0.300	5	1
0.315	2876	1
0.320	380	1
0.325	5304	1
0.330	2316	1

Last trade - 15.36pm 27/06/2024 (20 minute delay)

RGT (ASX) Chart