MAY 4.35% 2.4¢ melbana energy limited

This Train at stoppin till 6.5 cents then express to 9.5 Cents - Stand Clear Please, page-67

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    This argument is correct, but you have not used current prices of MAY shares and MAYO options exaggerating the profit differences. Current MAY share price is not 7.5 cents it is only 6.6 cents. So for 10k you can buy 151515 shares. If MAY reach 10 cents those shares worth $15151 ( about $5151 profit ). Similarly, MAYO options are not 4 cents, but 4.1 cents. At 4.1 cents you can buy 243902 options. When MAY is at 10 cents, MAYO should be 6.5 cents. So, at 6.5 cents 243902 options worth $15853 ( about $5853) profit. Yes, about $700 more profit if you buy options, but not as much as you have illustrated.
 
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