They will go up 1 for 1 with the shares once the shares reach 15.
In addition there will be a premium reflecting the 1 year to maturity and expectations of future rises.
Just be aware if anything goes wrong and thr prices falls then that premium can disappear almost instantly.
On the way up it is called leverage - my favourite word :-)
if it goes down it hurts.
Personally my view is if you like the EVG story then buy EVGO for that leverage.
For example if you buy EVG at 15c and we go to 30c then you have made 100% ... cool
But if you buy EVGO at (say 5c) when the shares are at 15c and we go to 30c on the share price then the option will be trading at arond 18c - 20c. So you profit is 300%.
Of course if the price of EVG falls then your entire investment in the options theoretically disappears.
Best of luck
EB
EVG Price at posting:
12.0¢ Sentiment: ST Buy Disclosure: Held
