Replies to post #11071 on Options Wonderland

[langlui]

hoticetea, to buy the PCLN $90 Put option at $1.8, you actually need $180 + commmission to buy just one contract.

228 contracts will put you at 228 x $180 = $51840... NOT $518

1 option contract means you are purchasing 100 shares of jthe underlying security.

[yayaa]

Hey hot,you should consider opening an account with IB. Commisions and executions are the best. L is correct one option contract gives you the right to buy or sell 100 shares so the multiple is always the price x 100. Here is a link to IB,point and click trading. Cheers

http://www.interactivebrokers.com/ibg/main.php