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The closer we get to expiry, the less value the esio will have....

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    The closer we get to expiry, the less value the esio will have. So if they are in the money, say esi at 8 cents at November 2013, I say that esio, would be 6.0 to 6.2.

    Where as now they have value as they have time and also you can get double the exposure for the same amount spent. Probably overvalued to the heads, but tell the sellers that.
 
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