compare oppies grk and gdy, page-4

sulu I think you had better read the 3b's. The gdyo's have an exercise price of $1.50.
your comment-
lets say grk is trading at 50c at the same time gdy is trading at $2.lets say Dec.07 - roughly speaking the grkoa would be 40c and the gdyo would be 1.50, so which would be the better buy today? gdyo at 54c or grkoa at 13c?

At dec with 1 month left to expire the gdyos would be worth 50c ($2.0 minus $1.50 exercise price) plus a time premium ( guess 3-4 cents). be generous and give it 10c.
The problem with the gdyos is the very high time value right now. They are simply mis-priced.
So under your scenario, buying grk ops where the shares end up at 50c makes the oppies go from 13 to 40 versus the gdy ops going from 50 to 54c with the shares at $2.0.
Under your scenario, the value in gdyos really just eat time value and create zip value for the risk.
If you have a query, ring up the options trader at your broker and ask him.
cheers
omg