you purchase the options by placing the code 'TASO' is your...

you purchase the options by placing the code 'TASO' is your internet trader

however, there is no need to exercise them until 31 March 2018

the TASO options should be priced at least 5 cents less than the TAS shares

options provide 'leverage' or a gain multiplier

for example, if you buy TAS for 20 cents and TASO for 15 cents, if TAS reaches $1, TASO will be worth 95 cents. the gain made on TAS from 20 cents to $1 is 400% whereas the gain made on TASO from 15 cents to 95 cents is 533%

however, if TAS falls to 10 cents, the loss made on TAS from 20 cents to 10 cents is 50% whereas the loss made on TASO from 15 cents to 5 cents is 66%

TASO does not hold that much leverage anymore due to the rise in the TAS share price

you want to buy options when they are very cheap

for example, if you bought TAS at 5 cents and TASO at 2 cents, the TAS gain to $1 would be 1,900% where as the TAS gain to $1 would be 4,750%

regards