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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe) -- Ignore unavailable to you. Want to Upgrade?

To: Carl Fritch who wrote (615)	1/28/1998 7:06:00 PM
From: Roman S.	Read Replies (2) \| Respond to of 2241

To Carl and All, I have been reading and learning about the options game and have a good basic understanding of stock options. Just to gain some knowledge on options which you can buy puts or calls on futures contracts, I wanted to ask a question. When I looked at the graphs in Inv Business Daily, on the graph they show a certain dollar amount to indicate the price close of the previous day. When I looked at the options on futures tables I get a little confused because the figures are using a multiple I can't find to be constant say with "Natural Gas" and "Lumber". Or is it a different multiple depending on the sizes the future contracts are issued in? Does the purchase of an option on futures give you 100 futures contracts as stock options give 100 shares and multiply Premium by 100 to get actual price minus any commissions? Just for beginner's luck, I started a paper trade on RADAF apr 12.5 call purchased at 1 3/4 on the day it was trading at 12 7/8. Oh Well...