Titan Medical Inc (TMDIF)

[was CUIN2]

Options are a place holder to purchase share of Titan at a specified price. They give management the right to buy a specific number of shares of Titan medical during a time and at a price that Titan specifies, in this case $1.

Generally, nobody will exercise their right to buy until the price reaches or exceeds $1. Otherwise, you could just buy them on the open market for less money.