>>I have stated many times i am a long term believer in TRF. I...

>>I have stated many times i am a long term believer in TRF. I have never sold any TRF stock and held since IPO, accumulating over the years.

However the options, TRFO had an bid price of 12c.

For my logic, since it just gives you the rights to buy the heads at 70c, this represents the equivalent value of TRF underlying having to be the equivalent of 82c.

Whilst I am confident in the company and have a long term believe that it will trade over a $1, I dont see why anyone would buy the option now at 12c.

As such I have obliged in creating the first TRFO sale. (4000 at 12c) - yes thats less than $500.<<

Yer thanks for those- u got anymore for me at 12c? When TRF worth $1, these Oppies will be x4 to x5 this amount.

Leverage is what these are all about- u miss the point on Oppies...