SUM 10.5% 34.0¢ summit minerals limited

Different types of options in the market. Companies issue...

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    Different types of options in the market. Companies issue options, e.g., SUMO
    as a part of an enticement in raising capital, and a hedge for cashflow, in the
    event the exercise price becomes, "in the money". SUMO is "in the money".

    Call and put options are deriavitives with contracts of 1,000 shares in XYZ.
    High risk, high reward, your investment is multiplied over time. NO GO4me.

    SUMO exercise at .25c before Sept 2025. So if I exercise 1000 options at .25,
    that I paid .16 for, paid $160 then $250=$410. But but but. 10 days delay.

    You have to fill in forms, transfer funds etc., etc., whereas, trading "oppies"
    on market makes your funds liquid, T2, trade plus two days.

    This is not financial advice, merely my understanding from experience.
    In trading, you LOSE some, then you find an opportunity.

    If in doubt, try SUPER or an ETF, these guys are pros.


 
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Last
34.0¢
Change
-0.040(10.5%)
Mkt cap ! $20.60M
Open High Low Value Volume
36.5¢ 38.0¢ 31.0¢ $3.427M 9.933M

Buyers (Bids)

No. Vol. Price($)
1 33829 33.5¢
 

Sellers (Offers)

Price($) Vol. No.
34.0¢ 15793 1
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
SUM (ASX) Chart
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