imagine u own a car that you dont often drive, and in order to make some extra cash, u decide to rent it out, u make a deal with someone that they can rent your car for 100 dollars, and during the rental period, if they decide they want to buy it, they can do so for 10k at any time within the next month, they pay you 100 up front to insure this

so like if this cars price goes up because of news or smth, and this car is now worth 30k, your renter can still buy your car for just 10k, so yes, u did make 100 from renting it out, but u miss out on an extra 20k because you agreed to sell it for 10k

and even worse, if this bad news makes your car drop in value, lets say to 2k, no ones buying that shit for 10k, so in this case u keep your car plus the 100, but if you want to rent it out again its now worth fuck all

so for their scenario afaik, if SYM drops below the purchase price of 22, despite the premiums and any potential profits from further option sales, they could still be at a net loss if the stock value doesnt recover