CL8O - anyone game enough?, page-2

I'm not usually one to let my strategy out of the bag……but yes I agree Menza, sure the opts aren't in the money at present, but it has been pretty slow going accumulating them at these levels I have to say, so a top up today was welcomed! Did Herm sell…lol,

Anyway….@ .6 x2 + '0' premium + 2cps exercise price = 3.2cps target SP (theoretical doubling of opts value), current SP = 1.9 x2 = 3.8cps, so what is the better buy? What happens 'if' SP goes even higher over the next 12 months…….

Someone bought 2 million recently @ .7…….and someone else looks happy to flip their 1 million they collected today @ $1k profit, so looks like there are trading and long term opportunities at this level?

All depends if you are a believer, and depends on your risk appetite I guess. DYOR