Lets say the heads go to the following price by October. Have a look at the reward comparisons based on an approx $1 close on the fully paids today and 35 cents for the options:
Yes, the profit on the options will be much larger if the shareprice goes to $2, but in order for the options to outdo the profit on the options, the shareprice will need to be at approx $1.55 by october. But what about the risks: