Don't get me wrong you're most likely correct.
Apart from the leverage of getting more exposure for your dollar;
I just don't understand the logic of why the MNBOA is 7.5c now (plus 15c in 15 months) when MNB full share is only 16c? Only a 8.5c difference.
Surely as time progresses this price difference will trend closer to the 15c strike price.
Paying this premium for MNBOA now may not be ideal if MNB undergoes a correction.
MNB Chart, page-255
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