Here is a little problem to solve [ 3x Questions] ....... I have...

Here is a little problem to solve [ 3x Questions] .......

I have some  30 November 2015 POK Options [POKO]
I was given them free about 18 months ago on 1:2 basis
So that's Great !!....

They opened today @ $0.0410 [the month's high was $0.060]
They closed today @ $0.0340

Question 1 :
Should I sell the lot now [tomorrow] @ $0.410
and buy POK @ $0.15  [hopefully?]

This means that - for every 10,000 POKO options I own.......
I buy ONLY 2,500 POK shares
This amounts to a 75% drop in my POK leverage !!.. ha! ha!

There is NIL Capital required from me - other than in / out brokerage -
[and unfortunately a Currency transaction cost - due to POKO being held in UK based ISA - dammit !!]

If I buy POK @ $0.15 now [Q1] I hope to gain on the upside to say $0.30 [100%]

If I hang on to the Options to nearer 30 November - when POK is say $0.30
I might sell the Options for $0.10 and buy 3,333 POK shares per 10,000 Options
Only a 66% drop in my POK leverage !!.....  

Question 2 :  
Should I Exercise rather than Sell my Options?.....
At a cost of $0.20 / option - the Capital Cost to me, for every 10,000 option exercised, will be $2,000 + brokerage costs.
My Leverage stays the same......

Question 3 :
What is the upside for Buddy going to be after 30 November 2015 ?..
With 48,220,948 Options exercised @ $0.20 and $9.4m is in the Buddy treasury?

$0.30 ++++ what ??....


The POKO chart is interesting at the moment.......


Thanks for your considered advice !!

GL - Oilf.