RRS range resources limited

options

  1. 30 Posts.
    Being new to all this great stuff I was wondering if someone could shed some light on how options actually work and if I held options at the moment for say 40c if nothing changes by october are these worth nothing to me?
    If they are worth say 60c in OCT what happens to them if they are in the money? Do i cash them in then?
 
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