anpo conversion cost, page-6

Because you can buy more than double the amount of shares in oppies with the same money for heads. Every pip you would get a large percentage gain.

You can always convert them at expiry date as if you bought at head price without paying for them now. ( best lay by there is)

In the good old days, you can hardly find oppies trending level with heads due to the leverage. Used to be at least 3 pips above heads.

That's why ANPO is actually a save bet if the volume of trades is there.

In any case, If you don't understand oppies, keep to heads.

Cheers.