Could someone please answer this regarding option:
Considering I have only 1 option bought at 0.002.
Come March next year if it's reaches the strike price, does it mean my 1 option of 0.002 will be worth 1 hear of 0.86 even though let's say the SP is around $1?
Also, to convert my 1 option to head, does it do it automatically after end of March -18 or we have to apply for it to convert?
This is just hypothetically.....
Sorry for my noobness
88EO options, page-146
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