imuoa has been expensive for a while imho.
Today's 2.1c buy when the sp was 2.8c or 2.9c was surprising, but then it was for only 150k shares. But I guess it gets you more skin in the game.
When the heads were 2.4c and options 1.3c, then option buying still made sense, as you got nearly two times more exposure for your money. If the market cap goes to $300m, where I think it should be - then it's better to be holding those options.
I was lucky to get just over a million at 0.3c. I couldn't believe somebody sold them. Sure they got $3,000 but the upside potential of those options could be hundreds of thousands of dollars or even millions - and they bag $3k.
At that time the heads were 1.5c, so the options gave a lovely 5:1 ratio. Most of what I bought were at 3:1.
I haven't sold any options (or shares), despite their big increase in value, as I keep watching that mkt cap, not the share price. Forget that share price, watch that mkt cap!
Cheers
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