question about cnx options

howdy

i'd like to know about the Options on offer.

i've been sent my offer to accept and from what i see on the (distant) horizon i'm in this with you all, for the long term

i have a basic understanding of shares, but have never bought options. i've read the web for option info, but its a bit lingo-jingo for me

if i accept the $0.02 offer, do i pay 6c when it goes past the mark, and they become normal shares?

whats the expiry date all about...

i appreciate that this isn't a forum for financial advice.
i'm just looking for the facts around the 6cents and expiry date...

if you know any great links then please post

happy days matadors
beedub