With over 6 years to go to expiry, they should almost be running neck and neck. A time premium should be factored in. It would only take one person, it could be you, it could be me to push to option price to a level where it would only be 10c lower than share price.
There are only 7m oppies on issue i think. It is so easy to dictate the price of the options because of that. Th only reason why there's a 22c diff at the moment is becaus of the fool who pushed down the price on fri from 41c to 33c where the share price stayed the same at 55c. That 100k seller is now gone which may give the oppies a bit of a run from its current level of 35c.
Shares and oppies are tightly held in NMS. If we see just one person buying big, it will have a material effect on the share price.
Cheers
NMS Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
