Mac is right. If the stock should spike to $5 or more between now and say, December 1, that option might be worth .30. So they paid $14,000 and sell for $60,000.
Sounds like easy money. Haha - it isn't. Especially with relatively thinly traded options.
If there's a buyout offer for $8.00, the price could go to $1.25. Huge profit. $236,000!
Most likely result - you lose $14,000.