Business
ASX down 0.6%; banks, real estate, and industrial stocks drag – The Sydney Morning Herald
With thin volumes, the ASX has started dipping again and was last down 0.6%. Banks, real estate, and travel stocks are dragging
Holders of Afterpay options took advantages of the share price rising over $100 again last week to make a profit, with 171,066 options exercised across four days.
This included 100,000 options that were exercisable at $2.70 each, which were exercised on 16 December, last Wednesday, when the share price got as high as $116.07. At that price, someone got $11.6 million worth of shares for only $270,000.
The options could have been held until September 2022, but last weeks price must have been irresistible.
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