Yes, some posters would not be surprised if the heads reached 12-15 cents, but given the oppies are 3 cents to pay on expiry, they would be closer to 9-12 cents if the heads get up there....there is great leverage in these options, especially given they have till May (?) 2008 to go....plenty of time, and therefore premium in them at the moment. I hold 2,000,000 which cost me $7,000, and if they get say to 10 cents, they'd be worth $200,000....im dreaming right ??
GPN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held