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I'm still there. Just not sure there is a point in selling. Rough ride ahead if I don't...still considering things.I hope everybody is out of their long positions in MFG. It just breached a critical level of potential support today. If it closes below this level, there will be further downside.
I'm still there. Just not sure there is a point in selling. Rough ride ahead if I don't...still considering things.
That is true.Look at this way. You want to protect your capital. Walking away with, say, 50% of your initial capital is better than walking away with 10% or even none.
Thanks, Mr_OYou would have been given them.
You can exercise the options whenever you like up to the expiry date. They are listed on the ASX and so you can buy and sell them per normal shares with the associated brokerage.
If the LPD share price took off, you would be able to buy more shares by exercising your options and only paying 2.6c per share. The reality is that the options price would also take off so if you were wanting to offload your entire holding, you would just sell the base shares and the options.
If and when one wants to, how does one "exercise your options" only paying 2.6c per share?
Once exercised, do they convert from LPDOD to LPD?
I don't plan to sell atm - I am taking a long term speculative position (with beer money) but if they do take off an extra ~3.5k at 2.6c (~$100 with brokerage) sounds attractive....