bph options, page-12

Been lurking the discussion boards of a few companies here for a while but have yet to post, til now...

I decided to jump in BPH today for a small share parcel after some time doing my research. Yes I got in a little late to the party but I'm not concerned as I'm here for LTH and it seems (hopefully) things will only get better from here.

BPHOA has me intrigued, though. I'm quite new to the scene and trying to learn as much as I can. I currently have a fairly small portfolio but I'm not overly familiar with options as I've never considering buying any. I've been trying to brush up on them and was hoping someone could confirm if I've got the following correct?

Like , I also use Commsec. If I bought BPHOA at its current rate of 14c, I have until 29/7/2022 to sell/exercise the options.
If I choose to convert I'm aware the exercise price is 5c and I end up with a share price of 19c, regardless of whether BPH is trading at say, $2 for example.

thanks heaps in advance!