Luke,
I know a thing or two about options (I think) Lol. ..
Now heads trading at 25.5 gives an option price of 5.5c... you add 1c time value which is extremely low keeping in mind 2 years to expiry check out CL8O as a reference. . Now you convert your options paying 20c plus 3.5c buying price means making 2 c profit plus you got a piggy option... win win both ways...
Watch it for few days and you will see it will run...
IMHO of course
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