In reality perhaps options can be very much ITM when considering private sales or on secondary markets, if allowed by the granting startup. Even considering rec

In reality perhaps options can be very much ITM when considering private sales or on secondary markets, if allowed by the granting startup. Even considering recent funding rounds and accelerating valuations. Lyft, for example, in its recent run since the Uber woes, may trade at a premium with plenty more upside in the coming months.