Call option explained, The Greeks ;)24 Sep 2020 13:50
SYME wants to buy 630,000,000 shares for the value of 4,375,350 with a premium of 1.1 million added on top. They have the right but not the obligation to do this. If the shares are not above the strike price of 0.69 before expiry then the call option expires worthless and they lose their premium. Market markers will have to buy shares now to hedge their beta and gamma exposure. People selling with news like this lol