Yes options are tradable look at the code/ticker BIGO
And you have to convert your options by filling out a form and sending your money to the company before the end of December 2017..
If you dont want to convert them yourself you can always sell them on market.. but because there isnt many options on issue, the liquidity isnt good.. which should be taken into consideration based on your strategy
BIG Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held