Is Monday the Day?, page-63

Hi John - Im still after a year trying to get my head around options, seeing your keen on them, hopefully you can help me out. Im very bullish on 88e and already have well over a mil heads and jumping into more when the tax return comes (hurry up freakin bean counters!!)

So. Say option is selling at .024, then you add the strike rate of 0.020 = total head of .044. You can buy a head for .035 now, so heads cheaper.

I understand if you simply trade them like any other share side of things.

Is it as simple as your willingness to forfeit the options $$ if it doesnt hit strike or beyond? Not confident? Ive read heaps about leveraging and all that but i prob just see it too simplistically. I get it if theres a big difference in heads to options as well, that then makes sense.

In the case of 88e - I just cant see it - a guy like me whos really confident with it being above .020 in 2018, why would i do options when i can buy heads "cheaper" in the long run? Please educate me and maybe ill dive into the oppies as well! My mates who've been trading 5x as long as me couldnt explain it either haha