Donga,Premium would likely be larger on the oppies, even though...

Donga,
Premium would likely be larger on the oppies, even though they expire soon.
The chance of a trader getting in and buying larger quantities at this stage, then converting and paying 20c per share, with all the news on the horizon especially when the share price is offering endless barriers (up or down) is very promising. The gas could prove to be good enough to back the share price at $2.00. Someone paying 4.2c per option has locked in that potential. Stock could easily be 30-40c+ by Monday, and potential to rise rapidly higher once other zones are encountered, once this information is backed and confirmed by payzone news then anyones guess. Therefore that 4.2c that you locked away today will always be 24.2c, so if the share price is at $1.80 on conversion day wouldn't you have loved the chance to pay that premium from the two weeks prior.