Even with the expiry very close, the options still seem cheap....

Even with the expiry very close, the options still seem cheap. When the heads were at 39 cents a couple of months back, the options were at 19.5. - a 9.5 cent difference on a 20 cent conversion. Now the heads are at 29 and the options are at 7. - a 22 cent difference. I thought the heads would be at least 10 by now. I am expecting a MXR run (fingers crossed), on the options, hopefully next week. They went up over 1000% and also expire June. Admittedly they did retrace significantly, but with the MDX ann expected to be far more concrete than the MXR one, the rise should hold.