buying movement, page-31

Wotoil

Your statement that this could be a good time to get out as most options expire worthless was very misleading. While that could apply to Exchange Traded Options ( ETOs ), it has nothing to do with CTPO.

CTPO is a Company Issued Option which is entirely different.

An ETO has no effect on a companies financial position if it expires worthless or not. However, a Company Issued Option is used by a company to raise capital and it is obviously very important to them that the options are exercised. In CTPs case, the importance is approximately $50 million. For this reason the exercise price will have been set well below what the company believes the share price will be on the exercise date.

I see no reason to sell my options.