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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked
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To: R.E.B. who wrote (78626)12/14/1999 8:54:00 PM
From: TraderWithNoName  Read Replies (1) of 90042
 
R.E.B. : You have it wrong.

>>108 contracts means 108 option contracts. A contract is for 100 options, not 100 shares. You are not buying shares for 25 cents each you are buying the options. And options are sold in 100 blocks, called contracts. Therefore 10,800 options in correct. The 10,800 options covers 10,800 shares; the terms, however, are mutually exclusive.<<

Please rewrite the above to read :

108 contracts means 108 option contracts. A contract is for 100 SHARES. You ARE buying shares for 25 cents. And options are sold in 100 SHARE blocks, called contracts. Therefore 10,800 options is WRONG. The 10,800 options CONTRACTS cover 1,080,000 shares; the terms, however, are NOT mutually exclusive.<<

One of us is confusing the terms options and shares.
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