The oppies give, IMO, a better idea of the current state of play...

The oppies give, IMO, a better idea of the current state of play with the heads. We all know that the heads are difficult to obtain due to scarcity . So if you are wanting to get a bigger slice of the action then get some oppies. However, with the expiry date at the end of next month those who are currently buying must be pretty convinced that the SP will be above 75c come 31 March.

There has been close on 700,000 oppies changed hands today, the majority 14c and above.There are now people wanting in in a big way. This is only good, IMO, for the heads as you would think that for example the buy of 75000 at 15.5 (2.15pm) would cost them $56000 if they were to convert at the end of next month.

That person or entity have to have the price above 90.5c for it to be worthwhile to convert, unless they either dont convert and loose the $11600 they have just spent, less at above 15.5 in days to come, or more likely, IMO, they convert anyway as they want a slice of the action and cant get in at anywhere near the 90c mark in that quantity via the heads.

just my musings but just watch the oppies action over the coming month. It will be very interesting indeed.