I want to be holding my options into the arbitration.
Last weeks, we saw the heads go to 2.8c from 2.3c, (before this second 1m cr raised its unexpected self) in the same breath the options went to 0.4c
Now stick an arbitration win, (or market behavior anticipating it) of even modest amount, and 4-6c on heads ? so maybe 2x heads.
What do the options trade for at same 1-1.5c would be my guess, which is a 5-7.5 multiple on 0.2c and 10-15 multiple on 0.1c
I Hold 2.3c heads and 0.2c ops, and will look for a decent rise before taking profits on that entry, having already had one trade out and back in the 0.2-0.3c op trade to reduce my cost of heads.
If my 0.1c ops get hit, all the better, i will probably need to let a few go at a few pips higher, just to replace my milk funds.
Leverage play will reverse the discount when the low hanging fruit is no longer available.
But for now, it is, and may get even better at 0.1c.
Happy hunting, gamble well.
Not investment advice.
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