Thoughts about Call option on BZ in December at $100 strike price?

Disclaimer: For the purpose of this post, I assume that there’s no resolution with SoH in the near term future, say before September. If you disagree with this assumption and think we’re going to see a resolution soon, the rest of this post might not make sense to you. If I’m reading it right, the premium is $3 per barrel. Meaning buying the option would be $3000 guaranteed cost (1000 barrels). It might be worth nothing if the price stays below $100, it’s a wash at $103, and starting to gain beyond that. Fr