Options are still the pick IMO.
Plenty of time to exercise and they are trading consistently at a discount to the FPO's (including the exercise price).
Normally in this situation the options will trade in a range of 12-18c behind the heads. Given the long time until expiry, you could see closer to the 12c range.
If you think CYS can go to $1 (and CYSO 80c) then do the numbers.
$10,000 to invest.
CYS - .52 = 19,230 shares
CYSO - .28 = 35,714 options
CYS goes to $1.
CYS = 19,230 x 1 = $19,230 (9,230 profit)
CYSO = 35,714 x .8 = 28,571 (18,571 profit)
Disclosure: I hold CYSO only. I bought some more today. I am not a seller.
Regards
pushing on....., page-44
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