Beautiful post, Gassed. Appreciate your views as always bud.As...

Beautiful post, Gassed. Appreciate your views as always bud.

As you said the options can leverage you with much better returns and there are always ways where options can cash-in at the ASX casino way better than the heads but lest we forget options can slam our portfolios to the wall from hero to zero...Lol... And trust me it happens more often. The percentage of publicly issued options that hit the money on ASX is 33% overall...

I once lost $150k worth of options on a promising IT company called PML, which went under over here on ASX a couple years ago... They looked pretty ripe when I bought them at 7 cents a piece with 10 cent exercising price while the heads were at 12-14 cents range with a year away and a big contract in the works... How the heck did that blow in my pretty face you may ask? Well, they started getting sold and offloaded while they were 6 months off when the heads price was still stagnant at 12-14 cents range and 3 months away they were now selling at 2 cents while the heads were still 12-14... I realized the pattern and offloaded them at 1.4 cent range with 2 months away and as you can imagine the candle burned out... The lady running the company who was full of sh*t went on promising another year that the contract with the federal government was still on the table clearing through bureaucracy... People looked at the failed options and stopped buying up the heads which resulted in a gradual downward trend of the heads... Suddenly out of nowhere a couple of months later she resigned and skipped town leaving investors with a worthless shell of a name and a middle finger...

Options failing usually is extremely dangerous for any company for getting further raising as well and showing investor-relations priority... They are more dangerous than director options which dont affect the general public and depend on their own pace but those directly issued to public who are mostly future believers, who may even hold heads will 100% offload their heads if the options dont make it to the other side... While traders have the flexibility of leaving when they like (they make peanuts anyway on those pips, if they are lucky), investors pulling through do make respectable bank... That is now if we have genuinely invested and held onto our shares and options through thick and thin...

Its just my view on options guys and I am just exchanging my experience with my fellow UNTeers on option investing and its behaviour... I am not in anyway relating our beloved UNT to this post... It is all IMO and kindly take it my words as a grain of salt... As my signature says I tend to drop a little too much 4 roses on the rocks on weekends...