options, page-16

What if SP was to be 0.035c.???

It is all about maths on the last day!!

Speculating (Once again!!):

Using $100,000 outlay.

If You can get enough options (if somebody is selling).
You can buy when the Option Price is relatively lower to the SP:

Buying the options Say for $50,000.00 worth of shares Minus $20 Brokerage @ 0.015c = $48980/0.015
which = 3,265,333 options to buy the shares.

Keeping in mind We need another $50,000 to complete the Exercise of Shares. (Aso I am unsure of Brokerage costs when exercising Listed Traded Options??? Anybody help Me there?? Probably not $20, or is it?? I've never tried)

What I am getting at here is it is all about Maths at the final day.
On the final day paying 0.015c for the Options and Buying the shares for the same 0.015c obviously doubling Your outlay (remembing Our brokerage costs also!!)
Once Options are exercised and shares cleared if the price of GGE is 0.035 that is 3,265,333 x 0.035c = $$114,286.655c

Which is a profit right??

Also remember the options can be exercised "Anytime"- On or before the date of expiry!!!
So if You have a S-Load at 0.001c oppies and the share price goes to 0.016c and above (especially if You didn't pay for them at all, like a lot of Our GGE option holders)

You can either sell the options on market, if the price is relative, or exercise and sell the shares on market if this is more profitable...
So if the options aren't trading relative to the SP, Exercise Your options and Sell Your new shares directly.

Something else I don't know???!!
Does the company have to announce to the market when amounts of these listed Options are exercised/ Taken Up!!??
I feel they should, with obvious Dilution issues!!

Usually, options are priced relative to the SP!!

Would You pay 2c for a 1.5c option???

Yes, I would if the SP was 3.6c and above (don't forget Brokerage).
This is how the market works--If there is a profit available there will usually be someone (BUYER)to snap up the easy takings!!

Hope some of this makes sense about GGEO and what they are for!!
People with the money to Exercise won't care about the "melting" time portion. They will snap Up Your options at the last minute if You offer a price They can't refuse.

PS. Still a long year ahead here!! Don't get carried away just yet.!! Love the Options talk and Hope some of Our thoughts come to fruition here!