Claude the crow, must admit I'm using the UNTO's as my main...

Claude the crow, must admit I'm using the UNTO's as my main exposure to UNITH.
I have a more than adequate, for me, LLT holding in UNT, but, I reckon that there is great comparative INTERIM "value" in the UNTOs and as a sort of hedge against the UNTs.
All going well of course, at least to, say, up to 4-6 months before the exercise date, depending upon what IS happening with the company and the SP.

By the way, welcome aboard Mike528. Very impressive summation. Looking forward to your further contribution. Solid base thinking. Re arbitrage and TA, how do you look at the options, LT to exercise, and/or as a stand alone investment and trade?