Options still being sold cheaply. Trades at 15.5 and 16 cents today. I assume this is the traders exiting their position with little or no action in GUJ or INR.
Ignoring the 59 cents used by INR in their takeover scam, but by using the 52 cents where the first buyer of any size is bidding for INR, you still get a GUJO value of 19 cents.
Seems like a bargain for anyone with some spare cash in the bank.