OE's are perfect as long as heads move up. Heads down, the advantage becomes a big disadvantage.
LT of course buying OEs now still makes a lot of sense. Today buying at 50% heads, if heads reach $1 then OEs could trade at 85-90c. Would be a nice way to save $$$$ and still getting almost all of the heads' benefits.
But the ODs are a perfect example for buying oppies went wrong.
GLTA
Ann: FDA Fast Track Designation Granted for VAXINIA Trial Program, page-184
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