i disagree and think the ords are the better value, but thats just me. only 8 months till expiry, still 2 cents out of the money and costing close to 30% of the current shareprice, i reckon they are rip off and should be trading closer to 2-3cents per option. the stock needs to get to 25cents by expiry just to break even on them should you hold till expiry, by that time, if you buy the ords at 18, you will be up 7cents per share ie 38%.....
i would gladly write a few of these options against my shares if i was allowed!!
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