SB the only 40c+ event in the timeframe to the option expiry date of 6/11 is Paloma but given the test proper won't start until about the 2/11 its hard to see the oppies being in the money in time. A week later could be a very different story assuming LS test is good.
The oppie holders may however still choose to exercise if they are feeling bullish on the short term prospects at Paloma.
