With ~500k options traded today @ 1.7c we must assume that not too many HC posters are confident the SP will go above 16c within the next year.
Strike price of 9c + option 1.7 = 10.7c. Sold at 16c = 5.3c profit, which on an initial outlay of 1.7c is about 211% profit. Against 100% profit by holding. The options look like a bargain to me.
At 20c it would be a profit of 547%, against ~ 150%.
Even a SP of 12c would yield ~76% profit, against 50% for the fully paid shares.
So, are my numbers incorrect or is there a real lack on conviction despite the happy posts?
It appears the professional traders and sophisticated investors are shunning this opportunity to punt the future SP growth at very low cost.
Someone(s) today picked up a bargain or has flushed the $ down the drain.
With ~500k options traded today @ 1.7c we must assume that not...
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Last
$8.02 |
Change
0.260(3.35%) |
Mkt cap ! $7.496B | |||
| Open | High | Low | Value | Volume |
| $7.75 | $8.02 | $7.75 | $43.38M | 5.448M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $7.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.02 | 500 | 1 |
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| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |