I understand what you’re saying @Sk1nman.
But here is another view, if you bought at 1.5 cents as per your example, and the options are about to expire with the heads at say 2.8, you have two choices:
1. let them expire unconverted and lose1.5 cents each (or 100% of your investment). Money burnt. Or
2. covert them at a total cost of 3.5 cents each, with a paper loss of 0.8 cents each. Of course you now own the heads and if they get over 3.5 cents you’re in profit.
I know which one I’d do……
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Last
0.7¢ |
Change
-0.001(12.5%) |
Mkt cap ! $11.64M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.7¢ | $1.83K | 247.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 5102673 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 3089137 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 5102673 | 0.007 |
5 | 6841786 | 0.006 |
7 | 4791022 | 0.005 |
13 | 6615306 | 0.004 |
10 | 8566753 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 3089137 | 9 |
0.009 | 1930000 | 3 |
0.010 | 7109929 | 8 |
0.011 | 2722000 | 5 |
0.012 | 3330995 | 3 |
Last trade - 11.58am 06/05/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
0.7¢ | 0.7¢ | 0.7¢ | 500000 | ||
Last updated 10.34am 06/05/2024 ? |
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