Just bought today a few JKAO 20 cent Options expire 31 Dec 2012. With the share price at 21 cents I think it is well worth the risk buying the Option at only 0.5 cents.
Yes there is a fair chance of you not being in the money and losing 0.5 cents per option but for every 0.5 cents over the next 3 weeks the share price goes up you can double your money and with the current SP 20.5C Buy 21C sell I thinks its well worth a small gamble.
JKA Price at posting:
20.0¢ Sentiment: ST Buy Disclosure: Held