Ann: Weekly Net Tangible Asset Backing, page-7

what happens if sp is above 1.00 when options expire

i suspect many will buy the options for 1.00 then a significant proportion will sell them at market thus driving the price down.

despite being an etf it can still trade at a discount to nta value and in fact has for most of its life.

hence i transferred my on market etf holdings to direct unit holdings off market with platinum mostly due to concerns about the options issue.

a few months after they expire this issue should be resolved as long as the sp isnt too far from the nta value, then it will be a more attractive vehicle for investors seeking asia exposure