Eagle8, really appreciate your explanation.... I had already read the basics of options in Investopedia, and I think I understand the basics of call options.... but because things tend to move very slowly with NWBO, I was more interested in longer term calls (1, 2, and 3 yr term), and wondered what more knowledgeable traders on this site thought the cost and strike price might be at those term limits when the actual pps of NWBO is $5 or whatever price the brokers might begin to offer options..... again, thanks a ton for your response...🙂