You're buying the options with the intention of converting them???? Or do you already have options from a capital raise or something?
If you're buying now, surely the idea is to buy a bucket load(whatever size your bucket is) and hope to sell before expiry with the heads way over 8c? i.e take advantage of the leverage by being able to buy a bigger number of options than you would normally be able to of fully paids.
I've been tempted with the options since before I bought heads at 2c and I'm still itching to blow some money on them The leverage offered is huge! I mean if the heads get over the line from here, they're most likely to be well over I would suggest, so even a $1000 bet at 0.001 could well become $20k(10c heads), $40k(12c) .... of course the most likely scenario to play out is I do my $1k on a silly bet, but .....
AGO Price at posting:
3.1¢ Sentiment: None Disclosure: Held
The leverage offered is huge! I mean if the heads get over the line from here, they're most likely to be well over I would suggest, so even a $1000 bet at 0.001 could well become $20k(10c heads), $40k(12c) .... of course the most likely scenario to play out is I do my $1k on a silly bet, but .....
