I bought 1 million for $2k (some came with the Share placement...

I bought 1 million for $2k (some came with the Share placement (zero cost) and the others I bought on market) so average 0.2c. At the same time the SP was say 0.5c. So if I bought shares for my $2k I would only have 400k (instead of 1 million options).
Now if the results come in poorly in January I've lost my money irrespective. The only way the company can recover is with massive dilution so shares are "practically useless" as well.
If results come in favourably and the company SP goes up 10 fold ( 5 cents) over the following 18 months (until expiry) the options would be valued at 4 cents (option price + exercise price = share price). So my option has gone from 0.2 c to 4 c. 19 X so it's double the SP increase.

Yes I'd prefer if I got them for 0.1 c . Then my markup would be 49x