Ann: Appendix 3B - exercise of options-XPE.AX, page-27

Thats not what I am doing.
I originally did not have as much confidence so bought up heads early in the piece. Only later decided to start buying options but have since run out of cash.
But when I sell my heads to by options, even at a 1.7c difference, I still get more exposure. For every 80k heads I sell I pick up 100k options and throw in a few bucks to cover any difference.
I have done this at least 7 times the last few weeks.
But If sp reaches 15c before expiry and I now have 800k options, it will cost me $12,000 to convert so I need to sell 80 000 options to convert the remaining 720 000 options . I have still ended up with at least 150k more shares then before. Wish I had bought only options originally but I was stupid.