First thing you need to know is that one options contract controls 100 shares. Second thing you need to know is that the price quoted for the contract is a per share price. So if the price quoted is 0.10,you will pay, at least, 10.00 for just one contract. It will be more due to commission.
Next thing you should know is that in the scenario you proposed you do not make money by excersize the option. You sell it. Of course that means you have to give a buyer an incentive to buy, which means offering it for less than it is worth.
Last little bit of advice is to reinforce the idea that liquidity is options is very unreliable. Even if you price your option to sell there may not be any buyers at that time.
So knowing all that are you still wanting to gamble with options?