When the oppie is half the price of the head or lower, i.e. .005 gmco vs 0.01 gmc, thats where one get the most out of the oppie. As the sp goes up, the leverage will decrease (provided the gap stay the same, i.e. 0.005). Keep in mind, generally the head is more liquid.
When the oppie is half the price of the head or lower, i.e. .005...
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