AEV 0.00% 0.4¢ avenira limited

sell heads get cheap options

  1. 2,049 Posts.
    lightbulb Created with Sketch. 105
    Is this what we're seeing? A move to drive down the share price to get dirt-cheap options on the last day of option trading? Obviously option holders who don't intend to convert will be desperate to get anything at all on the market for them today, even if just a few cents... so if one was to push down the head share price with a few well-timed sales they could get themselve quite a handy bundle of extremely cheap options before the day ends. Not to mention the arbitrage potential by simply selling heads and buying the same number of options and exercising them.

    At least I hope that's why the shares are dropping like stones...
 
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