If you don't convert the options, then you either let them lapse and lose all your money, or sell on the market. Currently there isn't enough demand on the buy side to sell all of your options, meaning the price would drop down to 0.002c and you would lose money. Need to work out what price you can actually sell the options for - until then, you can't really say you've doubled your investment.
If you believe in RDN and think the price will rise, best to then exercise the options and convert to shares. You can then either hold them, or sell for an immediate $5k profit.You may also want to consider using the proceeds to buy RDNOA options which expire in 12 months, and are currently trading at a discount to RDN shares.
If you don't convert the options, then you either let them lapse...
Add RDN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.5¢ |
Change
-0.001(3.85%) |
Mkt cap ! $79.01M | |||
| Open | High | Low | Value | Volume |
| 2.6¢ | 2.7¢ | 2.5¢ | $335.6K | 13.10M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 4611967 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 1271778 | 7 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| RDN (ASX) Chart |