"The option leverage that Blokes referred to was on a day to day basis in that it was cheaper to buy an option and exercise than buy a share based on the share price on the day. Ultimately the share price will determine what an option is worth and liquidity will determine what ppl are prepared to pay."
Thanks VR ... exactly ... still is. The other day someone got hold of some ops at .48 when the ordinaries were .72 ... presuming they converted immediately they were effectively buying the stock for .66.
I hold lots of ops, bought much lower ... from my POV the downturn in ords has impacted the last two month conversion strategy in that I'm now less focused on buying new ords, but converting the stock I already have. I imagine others have done the same.
"The option leverage that Blokes referred to was on a day to day...
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Last
41.5¢ |
Change
0.025(6.41%) |
Mkt cap ! $205.4M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 41.5¢ | 38.5¢ | $359.6K | 927.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 37440 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 24999 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
39.5¢ |
Change
0.025 ( 1.28 %) |
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| Open | High | Low | Volume | ||
| 39.5¢ | 39.5¢ | 38.5¢ | 26888 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| CTM (ASX) Chart |