Ann: Jewell Well Operations Report, page-51

Options become less popular the smaller the leverage versus the heads price. So for example, for the same $ invested if BRK then doubles in price to 4.8 cents then options triple to 3.6c.

But if BRK double again to 9.6c options only go up by 2.66x. As a stock price rises this effect diminishes until it's negligible. If you look at a stock like IMU there is basically no leverage left so people buy heads and an arbitrage forms to stimulate options trade.

Really hope the drilling rig and crew are diverted to a second Brookside well site. Such a good crew and got the job done without any issues.

So great to see a company perform and employ the right people to achieve the best result.