BYRO Exercise price 5c Expiry date July 2017 These are the 2...

BYRO

Exercise price 5c
Expiry date July 2017

These are the 2 things you need to know when contemplating buying options. When you purchase BYRO at 3c, it means you have to pay 3c now but you can trade them on the market like shares at any time. It also means you have the option to convert them to shares before the expiry date. You have to pay the exercise price of 5c.

CGT implication – If you convert your options, the date for CGT discount is reset to the date of conversion

Options aren’t for everyone but can be great plays