I know the optIon you mentIoned Is those traded openly In market...

I know the optIon you mentIoned Is those traded openly In market hence the optIon prIce could fluctuate dependIng the related share prIce. Some owner could even made thIer optIon lapse If exercIse prIce lower than share market prIce.

Do not thInk the optIon of GMC Is not openly traded. It Is attached together wIth prevIous share placement. Hence If the owner exercIse today, the owner will pay 0.005 to covert option to share. wIth today share prIce 0.012 the owner can made 0.007 per share If sell the converted share today.