The options of late are trading at a huge discount to the...

The options of late are trading at a huge discount to the heads.I think your move is a good one,I have only options,my understanding is as they are european options they are converted on the day,I would imagine paperwork to pay for the 15 cents would go out at least 10 days prior to expiry so you can pay by b-pay,possibly worth checking just when the documents will be sent out.I suppose a lot of people just like the heads as they dont need to pay the 15cents,but really its amazing to think there is such a distance from the heads,generally they get closer as the time gets closer to conversion but just at the moment big gap,so easy money!!!