So I thought I'd just revisit this thread as there's some here that seem to think it's AP's fault they made a bad investment decision.
Options trade at a discount..normally!!
They trade at a discount due to carrying a higher risk/reward ratio.
Investing in a oil and gas exploration company carries a greater risk then Investing in a oil and gas "production" company, drilling down a couple km should tell you that.
All and sudry were beating their chest like kingKong on cocaine.
You got caught with ya nickers down.
Own your mistakes and move on.
Options Exercise, page-460
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