Worth having a read through the following post on options, someone else shared it recently.
I like options and the leverage they can give but, as I've had happen, they can bite you on the backside if you get caught with them close to expiry and not in the money (ie. if exercise price > market price of fully paid shares at the time).
https://hotcopper.com.au/threads/a-post-for-newbies-company-issued-options.3726762/#post-27598659
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