LCY 0.00% 1.3¢ legacy iron ore limited

options

  1. 75 Posts.
    I don't know much about options, can some help me with this stupid Question

    If the following is correct:

    Expiry Exercise Trading Value on Current Date Price Price Share Price
    LCYO 7/01/2012 0.2229 0.05 0.2729
    LCYOA 30/12/2012 0.15 0.085 0.235
    LCYOB 30/12/2012 0.07 0.115 0.185

    Why would the LCYO & OA options be at the current share prices higher then what you can purchase normal LCY shares?? Whats the benfit? You can bye more shares with less intial outlay??
 
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