who is buying oppies at 10c, page-8

Rhiannon

Yes I am still maintaining you are insane, sorry. :-)

NOONE buys options that are out of the money when they are half the SP...simply because of risk...even if they are long dated.

Do I think IGR will be over $1 by 2009...no I don't (disregarding borthanna). I expect it will get taken over perhaps around 40c...since your effective cost per share is 30c, thats a gain of 10c. Had you bought half the amount of shares, at a gain of 20c each the gain would be the same. But the riskof holding the shares is much lower.

And as you said yourself, you could probably get the options alot cheaper...then why not???

Cdchi1