May be wanting for some technical terms but this is my overly...

May be wanting for some technical terms but this is my overly simplistic understanding.

Heads are the share, each unit representing part ownership in a listed company. The face value of all shares representing the capital value of the company.

Options are just that - the right or option to secure shares at a future point in time, for fixed price, up until the expiry date (31 December). In this instance the exercise price for EXR options is 6.79 cents per option.

If you believe the share price will rise prior to the option expiry date, buying options presents an arbitrage opportunity.

Options can be bought and sold on the market just like shares and rise and fall with the price of the head share.

Hope this helps.

Everyone else, feel free to correct me if I’m wrong. I’m only learning too.