why would anyone buy options..WHNO now.??they expire 30/6/2012...

why would anyone buy options..WHNO now.??

they expire 30/6/2012 @0.075 cents.

you've only got 3 months to go before they expire.

last price was .008 cents.

thus you're paying .083cents (strike price 0.075cents + last price 0.008cents = 0.083 cents.

you can buy the ords for last price 0.048cents Vs options total price 0.083 cents. as you can see there's a good gap. on a valuation you are paying well over the odds.

at least you don't have an expiry date on the ords.

i'm sure you can workout which is the better option..

for those holding the oppies i hope it worksout, but perhaps there's a lesson to be learnt for the next time you buy options.

FWIW..my policy with oppies is minimum 12 mth expiry date and a strike price which is reachable.

..