The premium is to get 3-4 times leverage for when the SP recovers.
Options traded at a discount during the previous rise, pricing options isn't always as simple as cost + strike/conversion. You are purchasing based on an expected future value.
You obviously don't understand how options work.
SUM Chart, page-1253
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 (20min delay)
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Last
19.0¢ |
Change
-0.010(5.00%) |
Mkt cap ! $13.65M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 18.0¢ | $399.7K | 2.102M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 105000 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 114997 | 2 |
View Market Depth
| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| SUM (ASX) Chart |