the options always take purchase price plus 5.4 cents conversion...

the options always take purchase price plus 5.4 cents conversion price so buy oppies at say 6c where current seller is , add cost od conversion and you have 11.4 c, its the gearing that works for youas you can buy more oppies for same amount of money than shares eg invest $5000 in TNO, shares at 11c gets roughly 45454 shares, put $5000 in oppies at 6c gets 83333 oppies, if shares go to 15c holder of shares  has$6818. holder of oppies that should trade at 9.6c  valued at $8000, hope this helps