Wise1, I have bought into oploa recently, but not sure it is the best leverage play available. The comparable SSNO are 55% of their heads and oploa are 66% of their heads as of today. I don't have any ssno/ssn and am only posting this to ask if you know how the market works out the fair value of a company option (not an exchange traded option which is completely different). Both of these examples expire in 2012 and both exercise at 2cents.
There are approx 55mil oploa on issue which is about one half the issued capital. Needless to say this means it will probably come to be traded in much larger volumes as time goes by regardless of the nearly 80% held by the top twenty which will come out of the woods as the price rises.
OBL Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held
