options, page-6

You have to pay $1 to exercise options (convert them to the heads), so in other words you pay $1.40 for something that today is worth $1.01.

Two associated risks:
-what are the heads going to be worth in October?
- Liquidity...if it looks like things start going pear shaped near the strike price good luck in selling them anywhere near your purchase price.

Would suggest avoiding this one unless you really know what your getting yourself in to, and ignore the option rampers on this thread. They're clearly not giving straight answers to these sorts of questions for a good reason.

As suggested by SB2000 plenty of less risky options to dabble in.

AIMO is another good option if your looking for exposure to some small specs, doesn't expire until 09 at a strike price of 10c (SP closed today 35c).