I think you got your maths mixed up somewhere there.
Buying now at say 7.2 vs 6. If heads bag (or close enough) to 14.5c that is 101%. Options would move 6 to 13.5c in theory is 125%. So 24% extra profit just on the move to 14.5c
Not sure why you are referring to 77c. Also 1167% vs 1000% is 167% difference not 17%
CLAO a bargain ?, page-12
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