The amount of options getting converted is irrelevant.
The point is...They are selling heads to provide the capital to convert their options.
The daily volume of options is for trades....It does not show conversions, as they are not a trade.
You will only know the amount of conversions when SYC releases the notice forms declaring the amounts converted.
It doesn't need to be tens of millions of heads sold to place pressure on the share price, when buyers are thin it's easy to collapse the price...Equally easy to raise the share price when sellers are thin.
You would also have a few traders that got caught with their pants down after trying to make a profitable swing trade from last weeks PTX-100 announcement, finally calling in their stop loss creating further pressure on the sp.
Just got to trade the trade or relax and enjoy the ride, the data is bellisimo and our cash position is strong.
The amount of options getting converted is irrelevant. The point...
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Last
4.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $36.23M | |||
| Open | High | Low | Value | Volume |
| 4.4¢ | 4.5¢ | 4.4¢ | $7.345K | 166.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 135418 | 4.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.5¢ | 506903 | 2 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
4.5¢ |
Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 4.5¢ | 4.5¢ | 4.4¢ | 175811 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| PTX (ASX) Chart |