Aberfan. I've spent most of y trading life on options. When I lose, I lose a fair wack (RRSO cost me $9K), but when I win, I do it quick and well.
Bought FDLAO at 6.6, got some more on the big fall at 3 cents a couple of weeks ago (only one to get hit at this price) and more at 4.7 last week.
As you can see, it's a volatile stock hold, BUT it can be amazingly lucrative. Plenty of time on these options (A lot can happen before Sept this year) and that, along with the underlying fundamentals, market interest and current FPO value. The fact that the FPO is "in the money", has good trading volume on the oppies tells me that there is a very good chance that out of all the options in this market, this is a better proposition than so many others.... again... it's a risk, but I am happy to sit with this compared to some of my other choices... I've seen it all before particularly in the weeks leading up to expiry....
Much luck
IPOD
FDL
flinders diamonds limited
