options vs shares, page-7

My perception is quite different and is probably way off the mark. But the options sell side seems to me quite deep when you consider Friday is the deadline to sell. Are all those on the sell side going to convert ? Converting a large holding is not cheap. Are they waiting for the heads and the ops to rise before Friday ? Or will there be a flood onto the market just before the 22nd ? In any event the underwriters won't complain. ... Still watching and wondering and learning..