But you purchase options for 9c and a takeover bid for CRJ comes...

But you purchase options for 9c and a takeover bid for CRJ comes in at 36c then you have lost my boy which is on the cards- so lets do the numbers for that you purchase 5,000,000 options for 9c = $450,000
Alternatively you purchase 2,000,000 shares @ 22c = $440,000

when you sell the shares into the merger/takeover you nett 1.8 million but have to spend another 1.5 million meaning you make a nett loss of $150,000!!

The other smartie sells for .72 million and makes a nice PROFIT of $280,000

Who's the smart bastard then!

And as a merger has been flagged-watch this space