need help with chart on ceo, page-25

simple h3

80% of the time oppies are worthless a at exercise time.

Rule of thumb

trade options with the view to short term profits.

Holding options simply increases risk.

I have had many an experience of not being able to covert oppies.
FAR EMR and also PEK

Sometimes however your strategy works....next lot of PEK was at 1.4 m oppies for zilch so had a huge win.

That said I think I would have lost probably 1/4 mil dollars over the years in worthless expiry of options so be careful.

I think I have only 1 in 5 that has worked in 12 years of trading. So the 20/80 rule of thumb seems about right.

So simply my experience says take profits because every losing oppie trade I have had has been at least 50% profitable at some stage.

i now have a simple approach...get free carried asap