oppies : pno to pnoo

I was holding PNO for a year and no price movement except last couple of days. I made a gambling move, sold PNO and bought millions of PNOO. PNOO expired in June 2011 and too risky. Only reason 300 mill options in the market and not in value. Exercise price 1.5 c where as SP 1.4 c!
My gambling is any positive news will take the share price up above 2c by June so that people exercise options and get lot of $$ and that case I will be in double/triple profit. If goes wrong I will end up with loss. Just gambling and I am enjoying. Interesting, someone took 14 mill of PNOO today. Hope for the best.

No advice, just sharing what I have done.