Not right chillam as you haven't accounted for the time factor. There's over a year left for options expiry so it should trade at a premium. 1 to 2c premium sounds about right. If we were 6 months on I'd expect there to be very little premium.
This is a pretty good article on pricing options:
http://www.investopedia.com/university/options-pricing/option-price-influence.asp
