VIL 0.00% 1.6¢ verus investments limited

I've got a question about options which are looking juicy and...

  1. 162 Posts.
    I've got a question about options which are looking juicy and ready to be plucked IMO.

    Okay so with VILO oppies they are trading at a ridiculously cheap 0.008. When the VIL reaches the 10c strike price that's a 1250% return turning every dollar into $12.50. Not bad really.

    But my question is how does one go about converting the options into shares? I'd appreciate responses with some substance, please don't reply with fill out a form and wait 2 weeks, what form do I fill out? where can I get this magical form that turns every dollar into $12.50.

    Please give me some details in your reply. Do I need to contact VIL directly to convert them or what's the process?

    As I said this might sound like an amateur question but I'm sure I'm not the only one who doesn't know the answer so it's not a stupid question if you look at it like that.

    Thanks all, much appreciated.
 
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