6 days to quarterly, page-19

Johnny,,,,,
Yes, but that was not a fixed number, but for an option that is quickly losing its Time Value with a Strike price that's far out of the money, the stock is not anywhere near getting up to the strike price, yet. it doesn't look like it's going to reach it, Just my opinion!
I'm saying if within those months I mentioned, if it hadn't reached strike price during those next 3 or 4 months in between, then, these options would accelerate it's lose of time value to even 0, may expire worthless if not sold earlier on.
So, even though the options still has 5 months remaining but it's out of the money and getting closer to expiry date. With no intrinsic value just yet.
The option time value will erase the closer it get to its expiry date.
It's harder to impossible to get fair $ value, the closer it gets to the expiry date.
If the stock don't reach Strike price, the options can't be exercised to convert.
Decisions need to be made earlier on, if you decide you want to sell out, the out of the money options. You sell out too late, you lose.
This is not market advice, (DYOR)