Ann: MGF Fund Update - February 2021, page-490

It's a bit of an ask. MGF have been trading at a 15% discount to NAV for a while now. They would need to narrow that to 7.5% for the options to be in the money.

Although, I just had a look at the Market Depth and there are bids for over 68 million at up to 0.4c for MGFO. So it looks like a bit of money is executing your theory Moonshine. I have been accumulating MGF at 15% discount as I think it will either get back to NAV, or Magellan will convert it to MGOC, and there will be a premium to the MGOC performance. It's more like investing, while the options theory you describe is too speculative for me.