one interesting point is the fact that options are now generally...

one interesting point is the fact that options are now generally trading at a premium, perhaps the time value.

Couple of months ago LRS was not sought after much and options frequently traded below its 1.2c exercise from the heads.

LRS is in the spotlight and IMO is being accumulated -> and as a result the demand is such that options never drift to a discount.

Looking at it now, there is a 1c difference between buying heads and oppies, in other words the heads are a cheaper way to buy LRS, and LRSOC is actually 0.2c more expensive, but, you can leverage about 8% more for the same coin, knowing you will still need to pay teh 1.2c later.

I think this is healthy, and shows demand for LRS is on the up.

All of my LRS was bought at a discount through LRSOC and all exercised promply, in order to be able to claim the CGT disount next financial should I need to trim LRS somewhat next fin year.

I would like to see some activity on cloud 9