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19:53
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Originally posted by Tibbs
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Sorry Davisite I SO disagree with you here. I had the same discussion with someone else on another stock thread. Looking at the FPO price and the premium, and saying they are expensive .... well, it's irrelevant really! Stock traded options are a tradeable entity in themselves, and until they need to be exercised, that premium is irrelevant. It doesnt matter if I pay 2, 3, or 4 cents, as long as the SP goes up in tandem with the FPO's I am make the same profit as holders of the FPO's, only at much less outlay - EG: today at half the outlay assuming I picked up some at 2.7 cents.
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Fine to disagree
