leverage will come with the options...

Risk of trying to buy big on the options and quickly exercising is that while the maths is there, there is the practical reality and risk that
- the price of the physical may drop over the 3 or more days it might take
- there may not be the volume to get out
- if the time taken is more than T+3 you will have to settle the purchase of the options before you can sell the physical

Holding the options looks pretty safe as there is a big discount and eventually they will trade at a straight 10c difference - a big leverage at these prices.

Wish I could afford more, but if they go to $1 which is what my broker is suggesting they might - then I guess I have enough!