"So at a current sell of 1.4c, the heads would have to hit 8.9c for the oppies to be in the money before Jun 2012. How are the oppies a bargain? Are you banking on the heads being more than 8.9c by June? Big call but I admire your bravery..."
I sometimes am astounded by the shear ignorance on his forum.
You don't usually buy options to convert later. Rather you buy options for the leverage.
So if WHN just happened to increase by 50% in the next few weeks to from 4.6 cents to 6.9 cents, the options would go from 1.3cents (the price i paid earlier today to probably around 3.2cents, a 250% rise!
Raving1
oppies dirt cheap, page-25
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Mkt cap ! $2.406M | |||
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| 1.8¢ | 3 | 1 |
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