Options have some time to run before they must be converted to full shares at a predetermined price. In this case at 3c conversion price. Some say that you buy the options at 3c less than the full price then you are equal one way or another.
However with the same outlay now you can get more "skin in the game" with the same outlay by buying options instead of normal shares. This has a value if the SP is rising and you expect it to be much higher before the options expire. Personally I have placed a value in the present situation with EDE at 10%. That is the margin for leverage that I refer to. When I say leverage I refer to the extra potential with the options.
Most of my holding in EDE is now in EDEO because I see them as a better buy. On the other hand with TAS I hold no TASO and all TAS, ( TAS options conversion price is 5c). With TAS you also have to take liquidity into account.
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