One option is one hundred shares. A quoted option price is per share, so the cost of a contract is the price times one hundred, and exercising a call means buying one hundred shares at the strike.
Where it comes up
Part 1 of the course, Option basics and use cases: what an option is, how calls and puts pay off, and every Greek with the intuition before the maths. See the course →
The full picture
3 hours 24 minutes with the man who traded these
Sven Hubens, ten years an options market maker at Optiver and Maven, adjunct faculty at The Options Institute at Cboe.
- 3h 24m of video in 58 chapters
- All 128 slides from the course
- Subtitles in 16 languages
- A certificate a firm can verify
See the course
€59.95 incl. 21% VAT · six months of access
Education, not advice. Sophron® is not licensed by the AFM to give individual investment advice.