No expert on options here, but this is what it sounds like to me. The option bets have all been expiring without reaching the price they were trying to attain. Also, based on the current options that expire this coming Jan., they are not anticipating the price being above $10 by then. Right or wrong, I believe that is what he is saying. Coupled with the recent quarterly call, it seems as though that significant income is not anticipated for the rest of this year. If it comes, the earliest would be sometime into 2015. Don't shoot the messenger.