I doubt we will see the same drop in the options, just because a...

I doubt we will see the same drop in the options, just because a lot of WGB and therefore WGBO traders wouldn't be active traders. Realistically, we may see them at 5c, even though the wouldn't have any intrinsic value with the share price at 2.54. My estimate of NTA for 31 May is +-0% change to the 30 April NTA $2.72 based on the top 20 performance. Dividends won't come out of the NTA just yet, unless they are provisioned for on the ex div date, rather than when they are actually paid out, which gets us to approx 10% discount to NTA, which is roughly long term average for WGB. One thing that gives me some confidence is the fact that WGB is one of the only two Wilson LIC trading at a discount. The other 5 all trade at a premium.