So in simple terms, you’re happy to pay say 16c to purchase an option now, that at some point prior to expiry you’ll pay a further 65c to convert into a full Par share inclusive of the attached Piggy. A total of 81c per share. ignoring the piggy. I’m not sure why u wouldn’t purchase the head now (assume that means the normal par share) at its current price which is a significant discount to the above exercise price? Apologies if I’ve misunderstood something….seems a huge punt on the share price for LO and PO hitting their exercise price…good luck to you I guess.
thinking further I guess it might be a form of leveraging more shares if you’re offloading your current holdings to buy the options?
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