Prime, interesting situation for those Redflex options which only have 2 trading days to go. Yesterday saw some big buyers come into the market in the fully paids, single buys of 40k and 50k with one of 100k pushing the price to $1.10 which of course is the strike price of those options.
By the look of it any attempt now to buy big quantities of the fully paids will send the price skywards, $1.20, $1.30? A shrewd move would be for someone to go in and buy the options, I reckon by bidding 5c they would get large quantities without really having to push the price. Surely the more astute investors are aware of this angle?
RDF Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
