That is exactly my argument. You have in fact paid somewhat more for the "exercise" of your options plus you have to pay trading commission in both directions!!! In my case I use Westpac so that would be a minimum of $20.00 for the sale of the options and another $20.00 for the purchase of the heads. I explained this to Automic but they do not seem to be in the least bit interested.
AGY Price at posting:
34.3¢ Sentiment: Buy Disclosure: Held
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