You’re missing the mark
if ivz is a dud it will trade well under 10c, probably under 5 possibly lower
if you have 100,000 shares it’s 30k, 100,000 options for 6k
most you can lose is 6k
if ivz goes to $2 you make 170k if have heads and not much less if you have the options
if I were going to hold for drilling I’d be buying the options rather than heads as risk reward play
if it’s a dud you lose 24k heads and 6k options….
Ivzo, page-5
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