the way i look at, page-5

Not really sure why you have this obsession with down ramping, just because the oppies are in the money does not mean people will convert, I only hold oppies, I have no plans to convert, I will sell before the expiry and let someone else take a small profit to convert them. I do not understand why someone would pay to convert just now, just to sell the heads, you seem obsessed with volume, if you would be looking to convert then you might as well hold for the expected SP increase then sell, the low volume just now wouldn't let you sell a lot but why would want to sell now, I'm looking to buy more and may get some heads as well.

As the price is expected to rise before the opppies expiry it is also less capital tied up if you just keep the oppies unconverted at the moment, eg more chance to make money elsewhere........