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
EN1 Price at posting:
3.9¢ Sentiment: None Disclosure: Not Held