Agree that the leverage is nearly x2, however that works both ways. Oppies 'should' outperform heads by nearly double on the up PLUS on the way down u x2 ur losses.
These oppies are not bad value particularly in the next 2 months if you a little more risk adverse than average.
As any upside to Fracc at Gene and Ripsaw results will see your oppies fly. Yet there is the downside posibility also- not all 1 sided unfortunately.
The premium for oppies is only approx 10%, this tells me that investors could go either way with this play. As Oppies 1.5 (Exercise SP= 1.5 total 3c) when heads 2.8. You paying a 0.2c premium to punt the price will go up.
Nego's to oppies is cannot participate in voting, SPP, etc. I have thought about converting my heads for Oppies, not yet, not yet...
SSN Price at posting:
2.8¢ Sentiment: Hold Disclosure: Held
