Thanks Smoke, I take it that by selling the underlying shares today you are reducing risk and hedging your options. If the shares fall in value lower than 25c you will profit by buying them back for less. If the shares rise in value the options will be ITM if the SP is 32.5c for the 6mth options and 42.5c for the 5yr options. Let me know if I'm on the right track.
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CEO Blog 5th June, page-36
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