oppies overpriced ? thoughts, page-7

Very strange, your asking to sell oppies that are basically in the money as of now....5.8c and your going to sell them to buy FP shares. Your going to cut your exposure to less than 1/3 by using the same capital and you think the price is going to go up?...the mind boggles.

I can understand it if you have fully paid shares...sell 100K shares for $20K and buy 300K options so that once they hit 20.5c....theortically the option should track the physical price but going the other way?

The underlying strength in the options is due to the full price shares being strong, they'll track accordingly.

Anyway DYOR