Options will be converted whenever the people that own them...

Options will be converted whenever the people that own them choose to do so.
Assuming the peak SP will coincide with the expiry date of options is ridiculous.

For anyone to have any chance of selling shares anywhere near the Peak SP,
They will need to have them converted,
And be ready and waiting.

Last time they had less than a hour to do so to get anywhere near the top.
So if People think they can convert their options and sell them,
Within a matter of minutes,
Best of luck to them.

It is very unlikely that will be possible....

Those trying to do so,
And their will be many all at once,
may well find by the time they covert their options then attempt to sell their shares etc,
That they missed out on 50% or more of potential gains....