Have you seen SURGE trading at 75c?
If you thought you missed out on picking up SURGE with a higher effective yield after the pre-sale ended, it's your lucky day.
With SURGE trading below $1, the effective yield (your return relative to the price you paid) increases.
Here’s why:
- The yield is calculated based on the face value ($1), not the market price.
- So if the nominal yield is 15%, that’s 15% of $1 = $0.15 per year (or whatever the payout interval is).
- But if you buy SURGE for $0.75, you’re still getting that same $0.15.
- Your actual yield is now: 0.15 / 0.75 = 20%
With people happy to take instant profit on their already discounted pre-sale price, this is what still makes SURGE trading at these prices super interesting.
The floor should be around $1 because that’s the asset's intrinsic value, but if market sentiment, liquidity, or misunderstandings drive it below $1, you are effectively buying a higher-yield, discounted version of the same $1 claim.
And since it’s redeemable for LSTR (when you choose to convert), buying below $1 is also like getting a discounted call option on LSTR’s future price.
Seems like a no brainer to me.
Best of probabilities to you.
Dane.
Posted Using INLEO
When you put it that way, scooping up more SURGE at this price is very much desirable. Thanks for the insight on market value vs intrinsic value, didn't thought of it that way before :)