options a bargain.... instant profit, page-2

Littleod

There is no reason for the options to be as cheap as they are.

They are 20c options excercisable till June 2011 and as such should be no cheaper than 20c less than the GGG share price.

Thank you for alerting me to this anomally. I have bought 20000 options (as many as I can afford) this morning at $1.40 and will be paying up my 20c to excercise them asap . I can then sell my GGG shares at my leisure for a current 30c per share profit (or 26%), and probably a greater profit in a couple of weeks once the paperwork has gone through.

Hooray, money for jam. I make no recommendation to you but it seems like too good a deal to pass up.

cheers
toscanunan

I now hold GGGO. :)