Yeha exactly. Understand all the risks. I generally stay away from oppies (unless I am going high leverage into expiry buying them for next to nothing as a gamble)...
In this case I would be happy to buy heads but I may as well buy these considering price + strike is less than heads... Keep the cash aside to convert if and when required.
TNO Price at posting:
16.5¢ Sentiment: Buy Disclosure: Not Held
