SirJohnnyboy,Options have a diminshing/decaying value with time....

SirJohnnyboy,
Options have a diminshing/decaying value with time. Although the sp has traded higher since November it should not necessarily mean that oppies should be at or higher than the 0.4c price they were in November. Currently from my charts I see the median price of GGP sp rising at a gradient of 1/3 - That is 1 cent per three months based on the current second timeframe uptrend that is still in play.

As a GGP shareholder I am hoping GGP stick to this current trend, however it would mean that GGPO would likely fall short of the 8cps execise price in October.

Barring an announcement by GGP that would push the sp out of the current uptrend, I would be cautious about buying these oppies at this time.