All looking goodThe options are looking cheap ASNOC expiring 30...

All looking good
The options are looking cheap ASNOC expiring 30 June 2023 last price .115 cents and ASNOD expiring a month later is a bargain price at .055 last price.
The options give you the right to purchase ASN shares for 20 cents each between now and 30 June 2023 or 31st July next year.

You can sell your options to another party without excercising (purchasing the underlying share) but the value you receive will depend on the SP at the time and the time left to exercise the option.

Assuming you held your options until expiry in July next year

- the share is trading at 20c or less, you would not exercise and your options have no value

-share between 19.5- 19.9c- you have a partial loss on your option

-share at 20c- you breakeven.

-share at 20c+-your options are in profit

Once you get past 20.1c the value of the option increases dramatically.

If you were confident that ASN will be trading at 20 cents+ plus by SAY July next year then their options could be a great investment.
Top 20 Option holders - Additional Options
https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYL4wi9yxf%2Fv%2FZq8bFiGug%3D