You keep on bringing up the ‘in the money’ issue.
It is of little interest to the debate.
It is like talking about empty hotel rooms <:))
What is, however, of interest is where the CXS sp is heading and where it will be in a year and two from here. Will a punter paying 38.5c today and 68c later be ahead or not is the question. With no contribution along these lines it is time to move on.