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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.
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To: Method who wrote (15112)4/19/1997 11:01:00 AM
From: kajtek   of 28369
 
It is not that simple.
Options are only better if share price jumps over $5.
The second question is which options to buy May, June ...
May options maybe too risky because we may not know all the results before May expiration date. I know the April 29 date but I doubt we will have all the fact at this date.
May 5 call run for 0.65 and June 5 for 0.90.
Let say you have $2000 to risk.
You can buy 30 contract May 5 or 20 contract June 5 or 800 shares of Bre-x

To double your investment bre-x shares have to go to $5
to double your May calls Brex have go to $6.3 before 3rd Friday of May or $6.8 for June calls.
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