Afternoon trading December 29, page-104

Trading oppies you need to know a few things.
1. Are the Heads, the normal shares, on an upward trajectory ...... (that's my 1st question)
2. OK things are probably going to go up, so.....
3. Strike price, how much to pay for each option to convert it to a head. (SP minus "strike price" = ?)
4. Expiry date of the options ... at what date do the options become worthless if you are still holding them
5. What sort of gaps are evident in the order sheet for the oppies. You may not be able to dispose of them like you could with the heads.
6. I can trade, buy and sell, as many of them as I like before the expiry period, just like normal shares.
7. The closer the expiry date gets, and the stock is doing muck all, you'll see peeps selling out and lowering the price of the options.
8. If the stock is on a rip, you may want to convert the oppies to heads, simply pay the strike price per option to the company, and you get shares.

The oppies can offer good gains, but they can also bite your ass off when sheet hits the fan.

oh well, just need @FXm to confirm that