Given support on SP at 3.4 the oppies (if 3.4 remains as the low) will/should not drop below 0.004 until expiry date.
Even if the SP drops to 2.8 next week, the oppies would still be 0.001/0.002, cannot drop any lower, unless there were no buyers,
But given the gearing upside, ie buy at 0.001 or 0.002 and sit for 2 months......if the SP goes back to 3.5 (and we are producing now) % profit is great.
Basically buy the oppies, downside for next 2 months somewhat limited, upside.... if the SP goes to 4, 100% profit.
Just like the look of this currently
MOY Price at posting:
74.8¢ Sentiment: Buy Disclosure: Held