AVR charting, page-46

There seems to be a reasonably stable trend forming (if you smooth out the spike to $14), extrapolating to almost double the AVRO strike price ($8) by the time these options fall due in December. It's looking good for cash flow and the potential value of the AVRO options. It seems to me, though, that the whole point of buying AVRO is to hedge against uncertainty. If one accepts that AVR is de-risking, and the trend is reasonably stable, the better play would be purchasing AVR rather than AVRO.

Just my uninformed opinion - not advice.