Yes the leverage in these options are enormous.
Fair value is 10c right now... TPT in an up trend, enormous upside in the heads, but ridiculous upside in the options.
At 30c the options would be 14c.
At 40c the options are 24c.
At 60c (which is where I see TPT heading) options are worth 44c!
meo ann 1.5billion bls oil target to the sth , page-24
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