Ann: Application for quotation of securities - BPH, page-13

Yes you are. Regardless of the value of shares, the CGT doesn't start until the options are turned into heads.
so you can hang on your your shares and convert into 50c heads. Then the CGT discount starts then. if a LTH, after 12 months, if you sell then it's 50% discount on your CGT, so if you sell it for $100,000 you only pay tax for $50,000.
You don't pay CGT until you SELL! So converting now or later means nothing, it's when you convert.
Me, I'd rather convert now because I'll never sell until over 12 months and at 50c - $2 or whatever it may be by then And I can watch real profits going up with CGT ticking over
Sell later, it's the same thing but you lose time on CHT discounts.
I hope you understand what I'm getting at?
Not financial advice.