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To: LLCF who wrote (8146)2/26/2003 7:39:15 PM
From: tyc:>  Read Replies (1) | Respond to of 39344
 
FWIW
Just a point that might be of interest to you. I am using the delta of these warrants to hedge the upside risk of "short call" option strategies (e.g. ratio writing), which is a long term strategy. The IV of AGE options is very attractive.



To: LLCF who wrote (8146)2/26/2003 8:11:30 PM
From: tyc:>  Read Replies (1) | Respond to of 39344
 
"I like this one because [assuming AGE.to is the underlying security, not AEM, and is Canadian based, and that's the major market]".....

This is the same point we discussed before. AEM and AGE are one and the same company. It doesn't make sense that the assets are getting more valuable in one country and not the other. It is the US$ currency (aka "cash") that is falling in value. American prices will have to go up, unless Canadian prices are to fall, and I can see no reason for that. It's all too confusing !