Ann: Investor Presentation - March 2023, page-304

TMacker. Not knowing what your current situation is regarding your holdings in heads and oppies, there does seem to be the possibility of a bit of a fault in your "plan".
"Normally" when the heads rise by as much as .08, as you are now hoping for to get your nice profit, the oppies tend to rise, often, at a much higher percentage rate. That would jeopardize your plan to sell the heads high and buy the oppies cheap.
However, there are two significant blocks with the oppies at the moment which would, normally, prevent that rise.
So, we are seeing the possibility of the heads rising, but, the oppies staying low, thus giving your "plan" the best chance of succeeding.
You wouldn't be selling any oppies at the moment would you??