Hi Disco, I was responding to MVL01 who stated that if they were to fall to 1c come Aug 2010 then they are worthless.
As subsequently pointed out by MVL01 the oppies value are ultimately reflected by the head price.
I agree that they only become worthless when the cost to purchase and exercise exceeds the cost of the heads.
I have been frequently trading between the options and heads to increase my holdings without losing exposure. There always seems to be a couple of tiers difference between the two.
options really cheap, page-33
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