Yes agree, there seems to be very strong support for heads in 3.4 to 3.7 area. A lot of bids qued up there too so a bit of accumulation still at the moment it looks like.
Whether you buy oppies or heads comes down to the level of risk/ reward that you wish to expose yourself to and how much you believe in this story.
I have 'gone hard' in CGPOA because I believe in the unique product we have, believe in the unmet demand for these types of products and the large target market, and also the room for growth with other products in sleep apnea area next year. I also take the view that the people running this company are focused, smart, and are in it for big things to come. 2017 expiry in the options is very attractive as is the leverage of them. I am also very encouraged by the fact that the oppies have been heavily soaked up over past weeks in particular and not just by me and I take this as a very encouraging sign. Insiders? Don't know.
With the oppies if you are here for the medium to long term I don't think it really matters whether you take a seat at 2c or at 1.8c because if CGP begins to move even 1/3 of how ISN did over next several weeks then you can say goodbye to current oppies level for good imo.
CGP Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held