88E 33.3% 0.2¢ 88 energy limited

ASX Today, page-6682

  1. 3,661 Posts.
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    Yes, very good mate... I'm a fan of head too.

    Let's take my situation, for instance. My heads average 3.6c and options 2.4c. It has given me a leverage of 50% on the options.

    If we are lucky, and heads move to 10c, and oppies to say 8c, then every $100 i have of heads will have earned me $177.78, whereas every $100 of options $233.33.

    I adjusted my head/option ratio a couple months ago (now 3:1 heads), but that was more to do with their expiry date. I'll be looking to add to oppies if 1.8 or better holds.

    GST? ... CGT I'm sure you mean.
    Exercising options does not reset that clock, as i understand it.
 
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