Company issued options can all be traded the same on your...

Company issued options can all be traded the same on your internet account.
It's only exchange traded options that are a different kettle of fish, and best avoided unless you REALLY understand what you are doing.

Company options are completely 'normal' and are harmless and offer great leverage plays on a rising stock, providing you don't hold them too close to exercise date unless you intend to convert them to shares.

If the 'boof heads' sell all their BCNO's when they are tradable later this week, it might be better (financially) to either hold them longer - or send in a cheque for the 20c per option conversion and hold the heads instead.

The way trading has gone today, we can hope that unless the 'new' option holders are pathetically undisciplined, the price may hold up quite well.