SBN 0.00% 0.0¢ sun biomedical limited

As I'm New to option trading can you please explain how this...

  1. 51 Posts.
    As I'm New to option trading can you please explain how this works. 2 questions. does it mean that to take up the option you have to purchase more shares @ 2c each and can you sell the option without purchasing anything, bit confused thats all.
 
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Currently unlisted public company.

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