why option expiry should be extended, page-26

What makes the options attractive is the X20+ leverage with leverage that size you get risk.

If you think AKK will deliver large over the next few months (as I do) why go for a measly 200% when a potential 2000% or more is sitting there.

I know Mr Market doesn't agree with me but he is often wrong.

I may have mentioned this before but back in 2006 I bought JMSO for 2c just 6 weeks before expiry when the JMS heads were 15c as I expected some ST good ANNs.

JMS delivered a good ANN and the heads went to mid 40s while the oppies went to mid 20s giving me 11 bags. If I'd bought the heads I would have made 2 bags.

I see a simillar opportunity with AKK only difference being we have 3 1/2 months to expiry not 1 1/2 as with JMSO.

5mn oppies will cost you $5k - if you understand the risk you will either have a huge profit or a tax write off come the end of the Aussie Fin year.

I would lean toward the huge profit.

EB