Am I wrong here? Am I missing something? Options are very new to me.
I am considering the following;
Buy 100,000 options @0.95 = $9500 Exercise price is 0.03 - So to convert I pay $3000
I now own 100,000 shares at market price 0.135 = $13,500
So if I proceed with this I would gross $1000
With options do I need to wait until the conversion date? Is there a standdown period to convert options. Again sorry if this has been asked but what am I missing here?
