- 52,000 options x .025 = $1,300
- Strike price for these: 52,000 x .026 = $1,352
- So, total cost on conversion = $2,652
- Buy shares instead: $1,300 / .039 = 33,333 shares
- At a price of .075 33,333 shares would get you $2,500. Minus the cost gives you $1,200 profit.
- At .075 52,000 shares would get you $3,900. Minus the cost gives you $1,248.
Actually I just double checked and it's at .073 the option profit starts exceeding the shares.
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