Even with the expiry very close, the options still seem cheap. When the heads were at 39 cents a couple of months back, the options were at 19.5. - a 9.5 cent difference on a 20 cent conversion. Now the heads are at 29 and the options are at 7. - a 22 cent difference. I thought the heads would be at least 10 by now. I am expecting a MXR run (fingers crossed), on the options, hopefully next week. They went up over 1000% and also expire June. Admittedly they did retrace significantly, but with the MDX ann expected to be far more concrete than the MXR one, the rise should hold.
MDX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
