get a grip, page-5

Spottygoose,

Have said all along that oppies are very risky. Personally I would never punt on oppies so close to expiry when the stock is hovering under or on the exercise price. There are too many potential forces that are completely out of your hands. The fact that the oppies were trading at 2c+ is quite astonishing to me.

When I originally bought at 17c the oppies were trading at 1.5c or so. Realistically, the fpo would have had to reach 25c to make the risk rewarding enough (within a month). That would have netted around 200% but it would also have meant a 47% increase in the fpo for far less risk.

The oppies are not over by a long shot, they could still very well get into the money, however, the risk is just not worth it.