ggpo penny will drop, page-18

Good advice guys, once they expire GGPO are worthless unless they're 'in the money'. Shame the strike price isn't a bit lower or exercise date isn't Dec or in 2013 sometime.

Still, I have 300,000 purely as a punt on the SP going parabolic if results continue to impress. You gotta be prepared to lose the dough though so don't wager anything you're not prepared to say goodbye to. They are inherently risky, esp at such a high strike price.

Like diamonds, GGP FPO are forever :)

cheers