If good news comes out, they both will track each other and if...

If good news comes out, they both will track each other and if news is bad, they both will fall, very simple. Work off a percentage and you see more value in oppies. Oppies have close to 3 years before they expire, so will be a very long time before they tread back to a smaller premium

You are focus on converting the share over and how much it will cost you, rather then the bigger percentage you make on any movement up but I'm not here to convince you . Proof is in the percentage , so all the best. We all trade differently and that is the beauty of the share market.