Thats where we disagree. Intrisic value 1.5 cents on todays...

Thats where we disagree. Intrisic value 1.5 cents on todays close of 11.5 cents i agree. Time value..well the thing with options is increased volatility and therefore exposure to downside as well as upisde. With ASC history, thats a definite thing to think about.

So, if you buy $10k of Adult shop rights for 1.5 cents ( no time value) and ASC drops to 9.5 cents ( very possible), then more than likely those oppies will be close to worthless and you have lost the lot. That is why most people, including me, would never put much cash into ASC oppies.

So - oppies normally have time premium which gives increased levridge. But with ASC, the oppies are even more risky then the sahres. So im willing to hold the shares despite the risk, but like most, would baulk at the even increased risk of oppies in ASC.

But, if ASC goes to 15 cents, the oppies will be worth 5 cents, yeeha for everyone, including me. If it drops to todays opening price, then they will be worth close to zero. Easy come, easy go.