SedaI guess you are currently experiencing a proces that most...

Seda

I guess you are currently experiencing a proces that most traders go though at some point,which is the potential value trap that options are. It is the nature of options that the closer to expiry date, the faster the drop in value and liquidity. Believe me we have all been there. Snicket covered most of it but let me clarify on your second point.

Regardless of what happens to the share price you have the following courses of action open to you.

1. Try to sell the oppies on market between now and the date they stop trading. You asked about selling them off market. Sure you could do that, using a standard share transfer form via the share registry, but who is going to buy them from you?

2. Do nothing and let the oppies expire worthless. It stings I know, but chalk it up as a learning experience.

3. Hold and exercise your options. You will receive a letter that provides you the instructions for exercising, which you send back with your cheque. You can choose to ex all or some of the oppies. Clearly it makes very little sense unless the SP is at least within spitting distance of the ex cost. This would seem pretty remote. If you hold a positive view f the SP long term, just use the cash to buy more heads.

Cheers