Farsight,
Sorry for the delay in replying, I have gone into my do nothing phase.
My fair value calc was taken direct from the ASX site which does include volatility as a major factor. In fact, if anything and given the OCH prepensity for overstating their premium margins, I believe that my calculations were higher than the real figure. That however, is purely acedemic as I have decided to hibernate until this fincial is over.
For what its worth I remain bearish
JWM
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