Ann: Results of Meeting, page-49

As you can see the oppies and heads do not trade at the 3c gap and not many oppies with that long to run ever do. My first point was that these can be traded and do not need to be exercised so the 3c is actually irrelevant at this stage. When the heads are trading at 9.5c and the oppies are at 8c or even 8.5c, how are your calculations then?? I have bought the majority of the options I own under their current price so on paper I'm sitting on a profit. I'm definitely not sitting on a paper profit with the heads so each to their own I suppose.