AGO 0.00% 4.5¢ atlas iron limited

I hope someone on this forum can explain to me in a detail how...

  1. 280 Posts.
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    I hope someone on this forum can explain to me in a detail how options work, I had a read on how can be converted and when but still can not fully understand it.
    So lets say I have 1 mil options ,
    1.when can the conversion be done ?
    2.do you have to pay anything for the conversion ?
    Thank you in advance for taking your time to explain it 2 me.
 
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