Well I bought mine on market but was happy to do so. The deal...

Well I bought mine on market but was happy to do so. The deal was a good one especially as they outlined the new plan to back it up. I normally ascribe around one cent per year for these type of options plus the conversion difference. Here, it's a little different and 4.5c is fair value at the moment. If they move cent for cent up to say 16/17c then my cent a year will come into play. Options hold such good leverage that even greater premiums are possible. The trick, if you wish to trade them, is picking when the distribution tail is going to happen. Picking the top isn't easy and there is always a high percentage drop in option value when the retracement comes. Most longs here will just hold them anyway. Personally I am going to try and pick the top when the fanfare happens. I've seen far too many promising and in the money options fail. Of course news can change everything but I expect 100% RVR anyway. I'm more interested in what GS5816 and RG-101 can do ATM.

Hope that helps a few who don't trade options very much.