Well maybe not! You only need to go back to early June to find the options selling for a premium of 4.5 cents. OEXO 1.5 cents against share at 12 cents. So to get the shares via the options you had to pay 16.5cents. The market was saying OEX might have a reasonable chance of success and options worth the premium, with 13 months to run.. One would have to think Cambay is a lot less risky now than early June but options are selling at a discount of18%. which allows one to buy the shares for about 18.6 cents against a market price of 19.5. . Very hard to make sense of it , but have suggested that there might be a large seller of the free options taking big profits.. If you think the theory "Mr Market is never wrong" could be wrong this time OEXO are a fantastic speculation.
OEX Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held