Sido, you've been around a while. Would you expect PRRO to hold...

Sido, you've been around a while.
Would you expect PRRO to hold a 2c gap behind the heads as the heads move up?

I'm holding both now, so either way I'm happy btu with the 2c strike I imagine the above would be right

When options are close to expiry, the gap blows out. With PRRO exercise price being 31-DEC-2011 at 2c, I simply can't see any logical reason why this wouldn't be the case. But happy to hear all sides of the argument.

Hence in a perfect world, PRRO should have closed at 20c so are 1.5c behind where they should be, so the buyer at close should be very pleased.

I also now can't see why anyone would sell at this point, which is, why I guess it closed so well at the end.