Replies to post #15939 on Options Wonderland

[Paul123456]

Thats what they all closed at, every one of those indices are red right now, i have live quotes.

[Tommy86]

hey, another newbie question:

does volume on an option mean volume of contracts?

for example i was looking at SYQOW which has volume of 16 so far today. does that mean it was traded just 16 times meaning 16 x Last Sale 0.68$ = 10.88$ dollarvolume?

or is it 16 contracts (1 contract 100 options?):

1600 x 0.68$ = 1088$

thanks very much for helping! i want to start trading options soon so i need to get the basics first ;)

[The_Game]

USDJPY is around that 102.62 level again. It bounced the last 2 times it made it there the past couple days. Tomorrow should be the ultimate test! I guess the yen trust chart shows the same thing, break down for market or top for yen!