It's actually quite sad that people are trading derivatives...

It's actually quite sad that people are trading derivatives without actually understanding how they work.

VILO was always an outside chance at very high odds. IMO great for a small punt.... but given the emotions expressed on this thread clearly much larger portfolio percentages have been bet.

I sold VILO pre ann (as it sat outside my risk tolerance) but who knows. The latest ANN suggests VILO may be in the money and I hope it is. For this to happen the company may,however need to to accelerate the FP program and that means a CR (which would not be significantly dilutive to the SP IF used for this purpose).

Only time will tell but punts such as VILO present some FUN to informed holders and a good ann. should be encouraging.

Cheers