More Info from KPO, page-191

From my observations, whenever there is any positivity around KPO (not much of late admittedly), the options are always trading at a premium and not many on offer. If what bonkers, RRF and others suggest comes to fruition in terms of Sinopec plant coming on line in May, new contracts, let alone ROW, then anyone leveraged on the options is going to be sitting on bags. But its binary, if that doesnt happen then the options may be out of the money. Seems highly unlikely though - i'm sure the company would really appreciate the $$ from option conversion.