EN1 8.33% 0.6¢ engage:bdr limited

EN1O, page-13

  1. 11,263 Posts.
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    I know how options work, thanks EN1O sellers at 1c can't believe their luck, getting something for their worthless options.

    Seriously, when the heads are trading at an 84% discount to the expiry price, why would anyone such a high price for the options? It doesn't make sense to buy options where you need at least 6 bags on the heads to make the leverage worthwhile but I guess it's a sign of the current market with a new lot of newbies lining up for shearing

    p.s 40c is almost 40 bags from the lows, while nothing is impossible that's asking a lot
 
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