Hi kbear1. Sorry, but am a little confused about your post.
"If the sp of PRR were to be 22 cents, the poppies are said to be " in the money". So for example were the sp be 30c the prro price would be around 2.5 to 3 cents."
I would have thought that the options would have an approx share price of 2 cents + 20 cents below the current PRR sp. That is to say if the PRR sp is 30 cents then PRRO options would have a market value of 30 cents - 22 cents...being 8 cents. Having purchased them at 2 cents and selling them at 8 cents then that is a 4 bagger.
Have I missed something or is my reasoning incorrect.
vwap for spp, page-22
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