Replies to post #889 on CorMedix Inc (CRMD)

[Lazerking40]

Each option =100 shares. Right now 2.5 call options in Dec are around .05cents. so if you buy 1 option, you pay 5 bucks for the right to buy 100 shares at 2.5 by Dec 21. If buyout....you buy $5 shares for 2.5. if the price never gets above 2.5.....let the option expire and your only out 5 bucks. Usually they cost more and have more strike prices but you get the idea.