Thanks, TedJ--I realized shortly after posting that my math was wrong! That's why no one should trust anything on message boards without questioning. I went the wrong way from 30 cents. Looks to me like the equivalent is 30 cents for option to buy one share at $40 or $3.00 to buy one share at $4, neither one of which is a great bargain, unless one expects the price to rocket in a year, beyond the best of predictions from folks on this board.
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