Australia's largest stock trading and investment forum Australia's #1 stock forum

RHY

Click for more information

1.64%

6.0¢ rhythm biosciences limited

Upcoming Event in Chicago, page-18

First 18 Last

Share
Profile

Follow
josiejow37

280 Posts.

95

23/05/23

15:26

Post #: 67919740
Share

Originally posted by TheBlackSwan85: ↑

I guess this is why retail is classified uniformed capital.

RHYAH are 20c options with an expiration of 14 September 2024.
That is, the right but not the obligation to purchase shares in RHY at 20c ON or BEFORE 14th Sept 2023. That is you convert the options into shares at 20c, the underlying market price when you exercise the options has no effect on the option. The recent spike would have given him a good SELL price after they were issued at 20c.

As of 18th Jan, he held 1,750,000 RHYAH directly and 875,000 Indirectly, which when exercised costs $525,000
Now given they don’t expire for c4 months, @ a RF rate of let’s say his mortgage 5.5% is an opportunity cost of capital of $9,625 of carry value on those options. Usually you only early exercise if you want out AND think there’s zero upside to the underlying. Otherwise you free carry till exp and exercise then.

Expand

If I had 20 cent options expiring in Sept '23, I would have swapped them for shares I already own during the recent spike, therefore not needing to part with any capital, and improving the cost base on my overall holding.

RHY Price at posting: 44.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

AZY

Antipa's Minyari Dome reveals gold up to 24g/t through drilling at key prospect

PYC

PYC commences new study on drug for eye condition Retinitis Pigmentosa type 11

SRL

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

MM1

Midas logs 17 spodumene pegmatite targets over 4km at Aylmer Project in Canada but drills while off

OCC

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

There are more pages in this discussion • 11 more messages in this thread...

First 18 Last

Add RHY (ASX) to my watchlist

(20min delay)
Last 6.0¢		Change -0.001(1.64%)		Mkt cap ! $14.91M

Open	High	Low	Value	Volume
6.1¢	6.2¢	6.0¢	$7.244K	119.2K

Buyers (Bids)

No.	Vol.	Price($)
1	54512	6.0¢

Sellers (Offers)

Price($)	Vol.	No.
6.2¢	144742	1

View Market Depth

No.	Vol.	Price($)
1	54512	0.060
3	26241	0.058
1	62500	0.056
1	54545	0.055
1	59995	0.050

Price($)	Vol.	No.
0.060	50000	1
0.062	144742	1
0.063	34	1
0.065	9750	1
0.066	80000	1

Last trade - 15.39pm 09/07/2024 (20 minute delay)

RHY (ASX) Chart

SPONSORED BY