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……
I understand what you’re saying @Sk1nman. But here is another...
Add ASR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.64M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $48.93K | 6.991M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2826553 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 1900000 | 1 |
View Market Depth
| Last trade - 16.10pm 24/04/2024 (20 minute delay) ? |
|
|||||
|
Last
0.7¢ |
Change
0.000 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 0.7¢ | 0.7¢ | 0.7¢ | 1451731 | ||
| Last updated 12.42pm 24/04/2024 ? | |||||
| ASR (ASX) Chart |