hi, about the options i dont normally look at them but they have recently had better returns then the share price but higher risk.
Going back over the run in 2006 when the options expired back in 2007 they were 30 cent options. When the share price was trading around 30 cents the options were trading at 15-17 cents when real value of the options were only 1 cent. They kept a 15 cent premium to share price which remained around the 30 cent mark until 23 of october, when the shares were above 30 cents trading around 40-50 cents and higher the options started to trade more closely to the difference in option exercise price to the current share price with a smaller premium added into the price.
For the moment the options might move higher as the share price gets closer to 20 cents and once above might move with the shares with a slight premium added, the higher the share price the more closer the options will trade the difference from exercise price.
GDN Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held
