LRS 1.43% 17.8¢ latin resources limited

that's correct, hence why it is based on your view of the future...

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    that's correct, hence why it is based on your view of the future SP of the underlying stock. It's a punt you take on where you think the SP will be by March 2017. SP over 2c, you win (as long as the gain covers the cost of buying the options). Under 2c, you lose (the cost of the options)
 
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