I think he wants to buy out of money long term calls. He expects a bull market. In using US cos, he has currencies to contend with.
Yes, long term ETOs are illiquid, but there is nothing to stop you putting in an asking (bid) price. ASX gives you an indicative price. A writer(seller) may or may not oblige with a counter offer. Depends on the price.
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poor market for long term options, page-7
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