option buyers must have money to burn??, page-30

Thanks oze wolverine, nice one, and the others who have voiced an opinion. I started this thread stating "crazy to the max in my opinion for buying options at 10.5c when the heads were at 31c" I will drop the "crazy to the max" as I (and hopefully many others)now have a greater appreciation of the range of reasons why traders buy options at a given price and when they intend to sell them, as the options will get to the point where you need to sell or exercise them or lose them.
I tend to hold long with the intent to exercise the options, and sell some heads that I have had for more than a year to pay for them if I need or want to redeem the options. Hence I don't like paying too much for the options.
"Nice one fellow posters"
MERV