VICOA expire 28/12/20, page-189

Question on opps. So l spend $1000 on opps at 0.002 and buy 500k opps. If the opps price hits 0.02 l can exercise (put?) and sell them for $10,000 (- broker fees) and as long as it’s before 2020. Making $9000 profit right? So if the ops never hit 0.02 do l get a credit for $1000 back or its lost? New to opps and though there is information out there, not many real examples. So is the risk if the opps don’t hit 0.02 l loose the initial investment?