Bill Guy, page-28

Correct please keep in mind if share price isn't above the exercise price by the time they expire they will be worth bugger all, but during this period all the way up to February 2017 they ( rmro) will trade just like the shares do and in accordance with the share price.
lets say share price goes to 6c the options will be around 4c to 5c ( 2.5c to exercise plus 4c options price = 6.5c) there is a premium to to the options and the more time left the bigger the premium.
at 6c share price from current price of 1.5c is 400%
at 4.5c option price from current options price . 5c is 900%
so as you see plenty of leverage in option but very risky if you don't understand them maybe best to play safe and play the heads.
ps. You don't have to convert the options you can just trade them, I like to use my winings on the options because of the huge risk involved some times they pay off most the time they don't.