I would love to pay $0.27/share for a 5-year option to buy CNAM at $7.5. Actually, I am even willing to pay 4x of that. Are you willing to sell it to me? (We can start with 100 contracts.)
PS.
CNAM has a very high volatility. The volatility will increase the value of the option significantly.
I do not know CNAM's volatility, but it should be similar to RINO (51%) or YONG(57%). If volatility = 51%, CNAM's option value = $2.02.
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