Oppies starting to look like good value at 11c to 12c. Expiry December 2012 and with todays close at 48c they are almost in the money for the first time. The price of the oppies has barely moved during this current rerating but once we get above the 50c excercise price look out! If the price of the heads doubles from here then the value of the oppies will quadruple at least.
Disclaimer - I hold both heads and oppies
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