Replies

To: E. Pluribus Unum

I calculate $0.09 x 50,000 as $450. Why am I three-orders-of-magnitude off?

Because an options contract is not for a single share, but for a batch of shares.

10 posted on 01/22/2015 6:25:26 AM PST by PapaBear3625 (You don't notice it's a police state until the police come for you.)

To: PapaBear3625

Would Tom Kivisto please pick up the white courtesy phone ??

16 posted on 01/22/2015 6:31:42 AM PST by Eric in the Ozarks (Rip it out by the roots.)

To: PapaBear3625

So each option contract is for 100 shares and he bought 50,000 which is 5 million shares; correct?

17 posted on 01/22/2015 6:33:24 AM PST by martinidon

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