Pozen Inc. (POZN)

[kookiekook]

No, you misunderstood me,

Closing price of a POZN 12.5 May Call Options was $1.50 so the cost at Friday's close for 140 of thoose options would have been $21000.00

Assuming that the price rises to $5.00 for each option then they are worth $70000.00

POZN 12.5 May Call Option is read as follows:

Underlaying stock = POZN
Option excercise price = $12.5/share (ie you have the right to buy 100 shares of POZN at the cost of $12.50/share)
May = Excercisable date always third friday of the month, date by which the option must be excercised or it loses all value
Call = Right to buy whereas Put= right to sell