Can someone pleae explain RMR options, page-6

Options have a higher leverage than fully-paid shares.
In most cases, their percentages in gains or losses are higher than the latter.
So, if the shares have a good chance of going up in the future, many buyers/speculators would buy
the options because they are cheaper and offer a higher leverage for gain provided the options still have some
considerable time before they expire. So the holders of options will like to see the Company performs well before the expiry date so that the SP goes up. When that happens, the option price will go up too and usually at a higher % rise.
The reverse is equally true when the Company fails, the SP drops along with the option price. So much so it would not be worthwhile to pay the exercise price on or before expiry date and the options will lapse on expiry date and the holders will lose all and get nothing in return.
Expiry date is when the option holders have to pay the exercise price to convert the options into fully-paid shares.