Much confusion on ARUO conversions. Monies required is 13c not 20c many think. When the 25,000 traded the FPO was at $2.10 so the premium was not significant.
At that stage to get 25,000 shares would have pushed FPO price to about $2.13.
I understand this buyer has made good money converting these options and realising good profits selling the FPO into spikes in the market.
Much confusion on ARUO conversions. Monies required is 13c not...
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19.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $438.9M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 75000 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 30000 | 1 |
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