Probably not. The fair price for an option is a combination of the difference between the strike price (34 cents for ARUO) and current share price (66 cents, for a difference of 32 cents) and a premium or discount based on the trader’s estimate of how the share price will change between now and the option expiring. It’s not a question of how many options are out there.
As the expiration date approaches, the price that options trade at will be close to that difference I mentioned. After all, if the option is being sold at a premium, you’d just buy on market. Conversely, if the buyer is offering less, you’d convert and sell the share on market. There’s more room to buy or sell at a premium or discount when expiration is a while away; but even then, the above still holds true to an extent.
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Probably not. The fair price for an option is a combination of...
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Last
18.0¢ |
Change
-0.010(5.26%) |
Mkt cap ! $421.6M |
Open | High | Low | Value | Volume |
19.0¢ | 19.0¢ | 18.0¢ | $881.4K | 4.757M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
123 | 5058763 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 2373444 | 22 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
118 | 4721120 | 0.180 |
30 | 1615260 | 0.175 |
31 | 959497 | 0.170 |
18 | 890483 | 0.165 |
26 | 807783 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 2316810 | 20 |
0.190 | 2800423 | 35 |
0.195 | 986188 | 17 |
0.200 | 1603606 | 35 |
0.205 | 1210325 | 22 |
Last trade - 11.01am 13/05/2024 (20 minute delay) ? |
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Last
18.3¢ |
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Change
-0.010 ( 1.93 %) |
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Open | High | Low | Volume | ||
18.8¢ | 18.8¢ | 18.0¢ | 1652587 | ||
Last updated 11.17am 13/05/2024 ? |
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MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
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