i dont think you can exercise the options strait away, never...

i dont think you can exercise the options strait away, never done but i heard it take a week or so to become fully paid shares once you send the exercise price . in that case if SP goes down while awaiting for full share, you dont have that profit. isnt it. but i do see there is a advantage if you can do that way. im not gonna do that though. ill use that money to buy more oppies, infact i did it in the morning already. averaging up that is something that i dont like, but i do believe in VUL. i missed it when is was 15c even thouth i wanted to buy due to overseas trip and bought later, now averaging .50c, this is definitely a multi bag even form here so normally i dont chase stock once i feel i missed but i made exception for this for that reason so hopefully it will pay it off.