Bradical, as I posted on an earlier thread, about 530m of 0.25c options were exercised after the AGM this year, to enable the option holders to receive another free option on a 1 for 2 basis. the options holders already hold shares in FUT, so can keep an exposure while selling the new shares for a 3x + risk free gain.
Given the vols since then we should be getting near the end of this selling, and can move from running on sand to running on firmer ground.
FUT Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
