down 7%+ today

Needs to hold 3.7 or its heading back to low 3s. That would surely freak out the TOXO holders. We are only talking 5 months till expiry and its currently has a .5c premium on fpo stock.

I think this highlights the downside of leverage very well, especially for a short-dated option not too far away from exercise price. It can be an all or nothing affair.

I think TOX will be fine but I certainly would feel alot more comfortable being in TOX than TOXO at the moment.

Cheers