or as previously noted, perception of holding something for...

or as previously noted, perception of holding something for "free" as lottery ticket bonus. Meaning, that it may not rain as my 0.1 bid requires. And that the 0.2/3/4 trade window may be the only available. Had i bid at 0.2, i would have already sold, and told you as such. You just never know what window may open. Hence it is nothing to lose, leaving a 0.1 bid in play. But what happens if we continue to burn cash ? will those holding the options start to no longer think it in the same way? or cash in when they can ? You cant predict the future. Only hedge at entry points that are less fatal, while maintaining upside.