Well if we are comparing OEX to a sporting match these options are a great punt of either winning the game convincingly or losing outright. IMO it is a great opportunity to gain leverage with minimal risk. For the options to be in the money there has to be some significant market sensitive announcements and anything is possible from now until September 2015 if you are prepared to play a long game. The Director seems to have confidence in winning the game as indicated by that Appendix 3Y announcement increasing their option stake in his super funds.
OEX Price at posting:
7.3¢ Sentiment: LT Buy Disclosure: Held
