I guess options you can use to have a smaller exposure to a...

I guess options you can use to have a smaller exposure to a stock without committing to pay the strike price 3c (you pay extra once you see confirmation that the SP goes up), once the SP is over 3c it's a lot safer to convert. If you had infinite money, I agree that buying heads less than 3c is ideal as it starts the CGT timer. I went with options as you get more shares but it comes with the cost of the strike price 3c, so paying 3c is expensive right now but I have the option to pay at a later date (and once options is in the money). Anyways I think options vs heads is about risk tolerance, tax is a whole other beast. My last comment about this, lets hope Friday is the day