Hi JJI think you are on the money! It appears we have seen the...

Hi JJ

I think you are on the money! It appears we have seen the worst of the dip - until the end of October.

I Bought into the GLV Options yesterday at 0.9c, it seems like a no brainer. You can really leverage your holding, because they are sooooooo cheap, 0.9c to 1.1c is 22%.

Options typically equal share price, minus the strike price x future premium. O$ = SP$ - (Strike x FP). the closer we get to December 2022, the strike will increase to the 2c strike. However at the moment its 1.4-1.5c less than the share price.

Optimistically leading to drill I don't think anyone would be surprised to see the SP hit 8c. If you bought in today your returns could be as follows;
- Shares: 8c/2.5c = 320%
- Options: (8c - 2c strike)/1.1c = 545% (Pessimistic - is assuming the strike price maximum of 2c)
- Options: (8c - 1.5c strike)/1.1c = 590% (Optimistic - is assuming the strike price 'minimum' of 1.5c)

I know which return I would rather with the same risk profile.

GLAH
Regards,
Excited Pratta