No wonder options trading is so illiquid in Australia. Reading people’s explanations on options here are really, really bad.
All options that are ITM (In the Money), meaning the strike price is less than the market price (for calls) or greater than market price (for puts) are exercised on expiry by the exchange. It’s a rule to ensure that those that forget to exercise a profitable position don’t miss out.
Yesterday was options expiry day for WHC exchange traded options. Any option ITM was exercised.
The people that wrote the calls, that were ITM, had their shares ‘called away’ to the person that bought the calls.
The people that wrote the puts, that were ITM, were “assigned the shares” (had to buy the shares) from the people that bought the put.
No it’s not just “instos” doing this lol.
The next expiry date for WHC exchange traded options are 21 March 2024. Where we will probably get another message in here asking what is going on and other people replying that it’s instos lmao
Target $18.72, page-8138
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Last
$7.67 |
Change
-0.130(1.67%) |
Mkt cap ! $6.416B | |||
| Open | High | Low | Value | Volume |
| $7.75 | $7.77 | $7.62 | $35.67M | 4.652M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 104006 | $7.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.69 | 29647 | 2 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$7.68 |
Change
-0.130 ( 1.71 %) |
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| Open | High | Low | Volume | ||
| $7.75 | $7.76 | $7.62 | 1758191 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| WHC (ASX) Chart |