Jump to content
  • 0

Exercising options



I have some options that I received for nothing as part of a share purchase plan. I wish to exercise them at the agreed price of AUD 45cents (AUD 0.45). The original price of each option was 4.5 cents which is exactly one tenth of the exercise or strike price (not sure why it's exactly a tenth, but maybe someone can explain that as well). Anyway, the shares have performed well and the options have obviously followed suit and have increased in value. However, because I got them for nothing, I'd like to exercise them for the equivalent number of shares at 45 cents per share which is what was agreed in the share purchase plan. The options expire in Jan 2022.

I've emailed the IG help desk and they say that I need to email them to exercise the options because I can't exercise the options online. However, I'm not sure whether I just email the help desk or some other email address and also I don't know how to word the email. I just want to avoid any confusion so I'm hoping that someone can explain exactly how I should word the email. I would like to exercise all of the options at the 45 cents per share. Please assist. 

Link to comment

0 answers to this question

Recommended Posts

There have been no answers to this question yet

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
    • Total Posts
    • Total Members
    • Most Online
      10/06/21 10:53

    Newest Member
    Joined 05/10/23 00:10
  • Posts

    • Summary: Still expecting another low for indices, the current move up part of a corrective rally. Normally I look for indices lead from stocks, however some stocks are displaying strength and some weakness so this mix bag is showing up in the Nasdaq 100 pattern as a probable wave four triangle at the current low. Trading Strategies: Nil Video Chapters 00:00 SP 500 (SPX)  05:02 NASDAQ (NDX) 08:26 Russell 2000 (RUT) 10:43 DAX 40 (DAX) 16:07 FTSE 100 UKX (UK100) 22:15 ASX 200 (XJO) 38:47 End Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com   Access Trial  
    • A lot of transformation is happening to BNB at the moment with the integration of bitcoin lightning network and Optimism especially with opBNB birth but that has not reflected in users confidence primarily because of the many negativities surrounding the platforms operations in North America and Australia. BGB on the other is gaining traction and value because a lot of investment is going into the development of the ecosystem recently with the injection of $100M and also improved partnership deals
    • I know we still have a lot to do to attract massive crypto adoption but steps like those taken by Binance and bitget in the wake of what happened to FTX is commendable in righting the wrongs of the lapses and loopholes that exist pre-FTX saga. But more still needs to be done to restore confidence to the level it was pre-2020 bear market like consistent regulatory framework and regular security updates by crypto platforms
  • Create New...