Mpjo, page-111

A million fully paid shares at $0.006 costs (excluding brokerage) $6,000 if the share price goes to $0.012 (putting the options in the money) shows a profit of $6,000, as you call it a sweet sweet profit ($12,000 less $6,000), a million options at $0.002 cost $2,000 plus $10,000 to exercise costs a total of $12,000, which shows no such sweet profit. Of course as you point out buying a larger number of options does give you the right to purchase more fully paid shares however, you understand that each million will cost you an extra $10,000 to exercise. So buying 3 million options at $0.002 (same cost $6,000 as 1,000,000 fully paid shares today) could cost you potentially a further $30,000. Unless the shares exceed a current trading price of $0.012 the only potential profit to be made is by selling the options prior to the exercise date, if not be prepared to stump up with more cash, or forfeit your original investment. This is your risk reward ratio historically, you will find that as the exercise date comes closer the price and number wanted fall.