So whatever you buy them for you then have to convert them (pay...

So whatever you buy them for you then have to convert them (pay 20c per option) or they will expire and be worthless. Currently they are selling for 13.5c so you will end up paying 33.5c to get 1 AGY share which you can then sell. That said the price you currently can buy is 16c and the heads (AGY share) are 31.5c. Think of it this way, if it was easy to make money this way lots would do it, with just over 1 month until these options expire and based on your limited knowledge of how they work IMO I would think very hard before proceeding, I have lost money on options before but fully understand the risk and could afford to lose that money.