What if you bought $50K worth of oppies at 9cents (currently heads at 22cents, say they then go to 31cents).........given the premium remains the same on the oppies they would go up by 9 cents....trade at about 18cents......your $50K is now worth 100K (100% profit).
Lets now look at the shares. Say you buy $50k worth of shares at 22cents, the shares go to 31cents, your $50k is then worth $70.55k...(71% profit).
I prefer 100% profits over 71% profits..;-)
cheers
CRJ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
