How to buy leaps on EXK?

Hi,

I don't have much experience with options. I am bullish on EXK, and want to buy leaps, however my IB account only shows them out until May 2016. I want to go further out.

I initially wanted to have 100,000 shares of the stock at under $2. But that would stretch my capital, so am considering options. Am I correct in saying I can control the same amount of shares for around $30K?

Thanks very much....

 

The likely reason why this only goes out to May 2016 is because it is below $5, so it will it might get de-listed as an option.

 

Hmm, what would happen if holding on to the May 2016 options and it gets delisted?

Thank you

 

They just expire in May and you can't role. No big deal.