If EVG rises to 30, EVGO will trade at at least 15c, and probably a little higher given the time premium (current premium of 4c)... So 15-19c?
At 16c, thats a 4 bagger from EVGO's current 4c price.. And every 4c EVG rises from there is another 100% return on EVGO.
Ahh the power of options. But its pretty powerful in the other direction too :-)