Ann: Options Rights Issue Acceptances and Shortfa, page-6

re: Ann: Options Rights Issue Acceptances and... I took my full entitlement but I generally don't wait to exercise them.

The way I look at it is if I spent $1000 I would rather buy the oppies at 004 rather than the heads at 2c. If the heads get to 10c I'll get more leverage out of the options. If the heads are 10c in the next year or so, the oppies might have a value of 6c (more or less depending on time premium). Let's say there's no time premium and they're trading at 4c, that's still a far better deal. But everyone has different strategies, especially when u hold both heads and oppies. DYOR

1000 buys 50k @0.02 heads
1000 buys 250k @004 opps

50k @ 10c = 5,000
250k @ 4c = 10,000