MNSO Options, page-3

Options stay options and are traded like full shares (heads) until there exercised.
Once the 10 cent excise is paid they just turn into a full share.

If the expiry date passes and you don't excise (pAy the 10cents) them they just cease to exist.

But to you can trade them every day with out paying the excise price happily, just don't forget to if your still holding them when the expiry date approaches.