CLE 0.00% 0.1¢ cyclone metals limited

very strange day indeed....1.2m oppies traded with an effective...

  1. 85 Posts.
    very strange day indeed....

    1.2m oppies traded with an effective (exercise plus option value) share price of 51.5 at close.

    compared to...

    1.2m shares traded with a close of 37.5

    that more than accounts for the time value of money!! they only expire in October 2008 - its not like these are 5 year options!! also, i can not remeber seeing the option volume as high as the share volume before...

    i wonder what is happening. is it just news coming? or is something more sinister happening (ie someone accumulating in preperation for a takeover or a takeover block)? maybe its just irrelevant noise??

    any ideas?
 
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