Clearly you have enither not read my posts or do not understand it, either way i dont really care but i will point out that "IM NOT GOING TO CONVERT THEM" so the strike price is not relevant.
So, im sorry to disappoint, but if your not able to understand that im leveraging the options against the heads, then your missing the point, i have effectively reduced the average purchase price of the heads as the oppies move relative to the heads for the most part.
Now both move together, 6c heads would roughly move the oppies up 2 c (not solid math but its about what the market allows, they move parallel to each other for the most part)
So now we have
1m heads ($40K) now worth 6c = $60k
2m oppies ($40k) now worth 4c, = ???? You do the math but i think you will be a happy customer!
All this is just an opinion, people should buy and sell as per their own personal plans but this works as the so described "Leverage" i speak off.
So the plan becomes that when the heads hopefully move to 10c some time in the future (panax TGA etc coming soon we are led to believe) and the oppies, lets say for the purpose of this case follow suit and move to 8c, the happy guy smiling that his heads are now worth $100k has a much smaller smile than me because my oppies are now worth$160K
Seriously hoping no one raises concerns about my method and strike prices again..
Have a wonderful day people!!!
MXC Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
