Ann: Response to ASX Price Query , page-7

Would agree with you there andiver. GLAO held back previously due to the lag factor of placement attaching options. A few good volume days like today and they tend to move quite quickly to fair value in my opinion.

In this case you have a stock in uptrend, a 52 week high of around 40c, 3 years to expiry and only a couple of cents out of the money. There are plenty of other examples where similar options with long expiry are priced much higher. I consider the options to be seriously undervalued, but thats just my opinion and time will tell.