1.if I purchase JPRO at say 1.3 cents I am entitled to sell it...

1.if I purchase JPRO at say 1.3 cents I am entitled to sell it at any time prior to expiry at any given price
> not at "any" given price, but at the asking price at the time
2. If strike price in heads is achieved prior to expiry (9 cents incl 1 cent initial option value), the options are worth 8 cents (potential profit of 600%)
> if the strike is 8 and the heads are 9 cents, the options will be worth 1 cent
3. Do I need to negotiate a fee for purchasing options with the seller or is transfer just like any share purchase?
> like any other share as far as a trade is concerned
4. What happens if heads are worth more than 8 cents at time of expiry?
< The heads need to be worth more than 8 cents. If they are worth 10 cents, the options SHOULD be worth 2 cents (8+2), but some people won't wont to convert so will sell down just priot to expiry
5. Do I need to sell prior to expiry or are they automatically transferred?
< If you don't sell on the date of expiry you have the OPTION to pay the strike price and convert to fully paids

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