Ann: Appendix 3B-MNS.AX, page-18

Pretty easy really. You think the price is going lower and you want to divest your portfolio of the risk it may not recover. You must convert to off load as there is close to 0 liquidity in the options for any significant volume. The question of whether the price will continue lower or whether it will recover is relevant only the individual holding the options. How do I know this, I divested my options in Feb and hold only heads now.