It is odd.
Well, they did do a blog post talking up free LIC options as liquidity providers - https://www.morphicasset.com/blog/options-and-liquidity-in-lics.
Their strategy involves selling the heads at a premium to NTA and then converting the options. The exact opposite of what I've done (sold most of my heads, bought some more options for leverage, put the rest of the capital elsewhere for now).
Of course their outlined strategy benefits the fund by getting some options conversion out of the way early. Maybe a few holders have been encouraged to take that path.
Ann: Appendix 3B, page-6
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MEC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.06 |
Change
0.020(1.92%) |
Mkt cap ! $36.77M | |||
| Open | High | Low | Value | Volume |
| $1.04 | $1.06 | $1.04 | $12.23K | 11.61K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 93576 | $1.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.07 | 3000 | 1 |
View Market Depth
| Last trade - 10.22am 25/11/2024 (20 minute delay) ? |
| MEC (ASX) Chart |
