re: oppiies - hotcongo I think that calculation is more relevant...

re: oppiies - hotcongo I think that calculation is more relevant for options that are used with liquid shares, ie exchange traded options where you can sell the underlying share in large amounts. When dealing with an illiquid micro cap, I dont think that is as relevant. Past experience shows me that the options will generally trade at premium. You just have to look at MGX and SEN recently. Trying to gauge how much that premium should be would be very difficult. I think it is a bullish sign if the option is trading at a decent premium to the underlying, it means people are willing to gear into the underlying. MGX options traded at massive premium for for most of the time that the share price was going ballistic.

Anyways, if you had thought that the options were too expensive when the shares were trading at 2.3c and the options at .4c, then you would have already missed out on a 3 bagger in the options and not even a 2 bagger in the ords. The options are the way to go, if you think TOX is gonna go up.

Cheers.