Ann: Globals TEA area incorporates discovered gas field, page-27

The only other thing i would say for options to the negative, is the lack of liquidity that can occur, which can create more volatility if you need to exit.

That said, par for the course if you want that leverage icing. Can work in reverse too, if for whatever reason there is a handbrake on the momentum of the heads.

Its always an individual appetite, and company momentum specific. Options tend to attract their own groupies, those who understand the leverage principals.

The game i like to play is the target movement calculation on the heads, Multiple, compared to the options multiple. Then ask, same if heads were to soften. And look at schedule of news events and time remaining. / not discounting black swan world events either.