Th 2 cents is basically due to the fact that there's around 3...

Th 2 cents is basically due to the fact that there's around 3 year to expiry (and that a lot can happen and change in that time - it's called time value, the closer an oppie gets to expiry the lower it goes... eventually zero... clearly 3 yrs is a lot of t.v....)... Also holders are unwilling to part with the oppies knowing this...