Just don't get too greedy. For the options to give you the same return as fpo, the fpo needs to get to 13-14c. That's a mfully diluted marketcap of $113mill. June is not that far away. If it doesn't make 10c then you've lost everything.
Realistically for risk-reward you'd probably want to be confident of VIL reaching 17 or 18c by next June. Highly possible but there are never any guarantees.
