I started to consider the oppies today... once the SP gets in...

I started to consider the oppies today... once the SP gets in the 60's, GDOO will be brilliant leverage to future rises in the heads

assuming no time premium priced into oppies (some stocks seem to factor in a premium or decay, others seem to factor in nothing at all, just based on my experience):

heads 60c = oppies 10c (base case, ie oppies in the money)
heads 70c = oppies 20c (heads up 17% = oppies up 100%)
heads 80c = oppies 30c (heads up 33% = oppies up 300%)

food for thought...