Josh, you have to take the time factor into account. The leverage that the options offer when so far away from the expiry date means that they always trade at a premium to the options price + strike price, which reduces as he years pass.
The only questions that matter for potential investors are:
1. Is the 3.2c premium fair for the 2.5 years until the expiry? 2. Will this 3.2c difference in the short term, revert back to the mean of 2.7c? 3. Where will CCC's share price be higher than 8.2c in 2.5 years?
If you answer 'yes' to all 3, then buying CCCO over CCC is an absolute no-brainer.
As a side note, when CCC dropped to 7.6c yesterday, CCCO only dropped to 4.8c - 2.8c premium. This highlights the discount on the premium
CCC Price at posting:
83.0¢ Sentiment: LT Buy Disclosure: Held
