I agree with Tangrams - RSLO are overpriced at the moment IMO.
There will always be a 'time premium' applied to options which progressively deminishes the closer they get to expiry, if the fully paids are above the option strike price they hold their value even right up to the expiry.
You CAN make a lot more on the options but at the same time you can lose everyting with them. High risk = high return.
If RSL was to go back down to 9c (a drop of 28%) then based on recent trading the options would likely be 1.5c (a drop of 50%). If RSL went sub 8c again then the options could well be around the 1c mark.
I would be happy to buy a few at 1-1.5c but if not then i'll ride the RSL's and be grateful for any profits on them. I can ride that train for as long as is required.
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