Different strokes for different folks ;) At the end of the day...

Different strokes for different folks

At the end of the day your OC will cost you $1.20 to convert (plus whatever your entry or sunk cost) was.

With hindsight you would have been better buying as many fully paids as you could between $1.00 to $1.20 & then letting the equivalent amount of Oc's expire worthless (ie you still have your share just cost you less).....That is, if you had the cash to do so.

That opportunity is now gone.

If you dont have the cash, you either need to sell the oc before expiry (hopefully at a profit) or sell say a fully paid for $1.30, convert your option & keep the 10c difference (there would be a myriad of tax implications that may or will apply ).

Good luc.

Some here expect the OC to be further in the money before expiry, so this my not be the most profitable point to be exiting (only hind sight will be correct)....

Remember when you were a kid on Christmas day & all the presents under the tree....
What to do....... so many decisions