If you buy the heads for 2.4c and they rise to 4c, you have made approx 66%. At 4c the options would be in the money but may not have increased significantly from the current 1c time value. If there is a rapid move up in the heads in the coming months and the oppies become deep in the money, they may offer very good leverage. As the SP generally moves first, are you not better to buy the shares now, sell them at 4c and switch accross to the oppies?
some serious buy @2.3, page-37
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