I would grab some Oppies. They last sold at 0.165 with an exercise price of 0.02 until 2011. So even if you converted them, you've got PRR at 0.185. The heads are trading at 0.19.
Now, compare these to BCC which expire in 2012. Those options are trading at 0.017 with an excercise price of 0.10, so convert them and you have BCC at 0.117. The heads are trading at 0.06.
So PRRO are at a massive discount and will catch up sooner or later. Absolutely no time value factored into the price, and if you get in early, if the heads chomp through .20 which I suspect they will - you have a real bargain.
Anyway - food for thought. Either way, both PRR and PRRO are only going to strengthen over the next few weeks IMO
good day, page-13
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31.5¢ |
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Mkt cap ! $458.1M | |||
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