trading halt, page-32

mine too Gary

the only benefit in exercising oppies is if you are planning on selling the heads and getting the benefit of an arb' play.
Ok...that's trading and fair enough too.

However I did think about it and am leaning more towards the following.

500,000 oppies will cost 5k to exercise and I could pick up maybe 1c in the arbitrage so an additional 5k profit.
However if I purchased (with my 5k that I was planning to use as exercise funds) another 5k worth of options because I believe the price will be more likely 50c come April then the 5k potential profit on an arb' play just became a 15k + possibility which more than pays for the exercise of the total amount of options held plus puts some cash profits in the bank.

Thats my current thinking atm although depending on share price movements this can change of course.