"i used my options calculator tho and it reckons SXPO is worth...

"i used my options calculator tho and it reckons SXPO is worth like 7 cents wtf? used a vol of 40 and risk free rate of 7%..."

If you calc 50-day ave volatility of SXP it is about 100%. Minimum 50-day ave vol is 66. Ave of all 50 day ave's is 114. Max 50 day ave is 186.

Using 100 as a current figure and 6.5% (RBA cash rate) as risk free, 1589 days to expiry, 26c sp for heads:

Option value is 19.5c