So you must be suggesting to sell on market?? Yes???
And youve just showed how little you understand markets and the difference between owning shares and options.
Liquidity!!! Lets imagine as you say, you bought 1 million options for 1 cent. A cost of 10K.
You could sell them on market, or convert them and sell them as fully based shares. Hmm think Ill sell my million options on market, lets just drag MNSO up and see what I can sell my 1 million options for...
Welll welll well, how long is it going to take me to sell 1 million options when there is onlt 51k on the buy side and thats and average price of 50 cent an option???
but if i was to pay 95k I could then sell 1 million on market for an average of 66 cents right now today??
LIQUIDITY.
You would never sell the options for what they are worth so close to expiration date.
(20min delay)