WLS up another 3.5% for the month and 9.5% for the quarter. I...

WLS up another 3.5% for the month and 9.5% for the quarter. I know I am posting to myself but options have now tripled since November. Still good value in my view, but the easy money has been made. A cheap way to get exposure to the market, with the discount to NTA providing a safety net. Remember dividend capacity is based on value pre tax so I expect continued strong dividends. This is a bit of a negative for the options, but you will only miss the interim (4c) between now and exercising or selling the options in October.

Just my opinion
Monty