Converting options does not mean that options have peaked.. it's...

Converting options does not mean that options have peaked.. it's a 1 for 1 swap at a set price.. just means he or she is confident that the shares will go up and is willing to pay 1.2c to convert... If the shares go up 10c the options also will go up around 10c... It's not like the options will somehow go up way more than the shares. In all likelihood if this mystery seller has had the options for a while it means they have paid under the current options value for full shares... Also i believe that if there is a future capital raise to existing shareholders only converted options (fulll shares) will count towards a person's allocation... I personally don't think converting options does anything other than show confidence in a company. Happy to be told I'm wrong!