what if...???, page-3

pjacton...

Nice summary...only problem is that when the options are so close to the expiry date, such methods of calculation can mean little.

For now we have other issues driving the action...for example; the number still holding options that cannot afford to, or simply do not intend to convert? This can put a fair bit of pressure on their performance.

Then we have the other side of the ledger...for example; how many buyers actually believe the options will be in-the-money, therefore worth buying and are prepared to take that gamble?

About 50m options have hit the market in the last 6 trading days...so it may well be the case that many of those not intending to convert even if the price gets to 20c, are out now!

I must say, this is a fairly healthy level of activity so close to the expiry date...so it would appear that someone is interested!

Cheers!