You make a valid point. It is quite possible IN THE SHORT RUN that the PPS settles in the $10-15 area AND ONLY THEN BEGINS A CLIMB HIGHER. Bioman is quite smart to own the 2014's as he may very well catch not only the initial blast  up to say $12-15 MAYBE and then the march up to the $20-30's by next year. Probably not a great spec to be owning the Feb 17's or anything similar in a far out of the money option on a short string. JMHO.