But I disagree they were 2c when shares were 7.8. At 10c they will be 4c
Not sure when this was the case but you have to take into account time to expiry. As it gets closer, the premium in option price reduces to zero whilst it remains below the exercise price. To use a wild example, if fpo was 10c and there was 3 years to go to option expiry, then I could imagine the options being 4-5 cents. But if expiry was tomorrow, do you still think options would be priced at 4c? No they'd be basically zero.
FAS Price at posting:
2.5¢ Sentiment: None Disclosure: Held
