ccc versus ccco, page-4

I choose the options for leverage because I have a belief in the CCC SP in the long term

Consider the two situations:

$1000 worth of CCCO @ 4.7c = 21276 CCCO

$1000 worth of CCC @ 7.1c = 14084 CCC

Let's say CCC gets to 15c and CCCO gap goes even cheaper to its minimum of 10c

CCCO: 21276 * 0.1 = $2127
CCC: 14084 * 0.15 = $2122

So at 15c and 10c, CCCO is already ahead

How about even later, when CCC is 30c and CCCO is 25c?

CCCO: 21276 * 0.25 = $5319
CCC: 14084 * 0.3 = $4225

That is why I believe people are still happy to buy CCCO if they are in it for the long haul