GGP 0.00% 0.6¢ golden gate petroleum ltd

question about options - ggpo, page-36

  1. 3,989 Posts.
    "If by the 31st of August you are holding and the heads aren't at 8cents you would lose everything you put into them. I would anticpate that any slight rise of the options would be sold into as the expiry date is approaching very quickly."

    Eagles that to me is a one sided response to tomo11 post. Yes if your still holding Aug 31 and the heads are at .08 or lower it,s not good, but what about the other side of the picture if the heads start to run in the next two month;s with expected positive news ??

    There is still plenty of scope to make very good $$$ on the oppies and that is why I have been buying the oppies myself.Yes a higher risk but still attractive to me and I am very very positive the oppies will work in my favour.

    Hey tomo11 I am certainly not trying to sway you either way so please do your own research.This is just what i take out of the current situation and the expected future market reaction in the coming month.

    Good luck




 
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