Thanks New. Excuse my naivety, but can some one explain why I would buy options over FP shares at the moment? Obviously with the 2c exercise price that means to covert options bought at $0.006 (for example) to full shares it would cost me $0.026 per share, with the current shares trading at $0.013.
I understand that buying options expose you to more shares for the same price, but for options to break a profit over FP shares for 88e, they would need to rise a lot? For example if the share price rose to $0.026 the options would only be breaking even, and the FP share price would have doubled?
Please feel free to tell me how stupid I am, I understand I must be missing something otherwise people wouldn't be buying them. Are the buyers of these options banking on the fact that this share is gonna take off a lot, like 4X, and then they will realise greater profits? Or is the value in options in trading them, and not infact getting to the point of exercising them?
Sorry this is so base level and ignorant. I've read some of the theory and am having a little trouble putting it into practise in situations like this. Thanks all for you help.
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