In have had options on several occasions with several different companies and have not had to buy my options. When you excersise your options you recieve the difference between the price now and the price you got your options at. If the price is lower now than your option price you simply do not excersise your options. I don't think this Raymond guy needed the money. He excersised a pile of shares last week this would float any normal exec for some time, I'm not sure what he does for the company but seeing his trading over the last couple of years I have learned not to like him. He has no regard for shareholders in my opinion.