Statistically speaking, vast majority option contracts expire worthless. I would have to cover, should the share price dive below $10.  

Unfortunately, today I can see that happening, because of finding of ElithX presented below. I consider the removal of the battery factory plan as a setback. That will reduce part of the FOMO factor from LAC related to the EV fewer.

It could have been a battery producer with practically unlimited share price rise potential. Now they have to convince markets to be "just" a chemical company with a Lithium mine attached to it. Still good pricing potential, but significantly less comparing to a battery producer.