I agree Soul_surfer, with an option to share price ratio of 1:2.4c, there is little to gain from the added leverage in the options, imo! The share price not only needs to rise high enough to move the options, it needs to both hold the gains and offer continuing upside.
At 2.4c, the shares are priced like options.
some serious buy @2.3, page-50
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Last
11.3¢ |
Change
-0.003(2.17%) |
Mkt cap ! $366.3M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.0¢ | $83.65K | 732.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 771567 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 2469421 | 25 |
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| Last trade - 10.23am 16/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |