I wouldnt buy them today. The spread is too small for me to warrant it, but if the heads rebound the oppies likely wont go as hard and we'll be back to a 6c'ish spread which IMO is cheap.
There was never a 7-7.5c spread from what I can remember, that is pure arbitrage and the market would quickly correct that, considering the strike price is 6.5c.
My rationale for oppies over heads at this time is that we are some 27 months away from expiry, I can get 2.5 oppies for every 1 head and they roughly move at the same amount. The market will try to keep the spread as consistent as possible. Thus, you are exposed to the benefits of the head whilst being able to own 2.5x as much for the same $ amount. If all things go as one would rationally assume, you will be making 2.5x for each movement up, and the same for down.
Oppies arent for everyone, theyre a bit more risky - but with this long maturity date its not too bad with MXC.
IMO.
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