Good work. I’ve been wrestling with the idea of doing a similar thing. I think my break even was a touch lower, but it’s very tempting to triple exposure relative to the same amount in heads. Really can’t see there being too much risk (famous last words!), just the amount I’d have to pony up to convert the options makes me baulk a bit (although that wouldn’t be an issue if the price was north of $1 as you stated)
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