I never really trade options so bare with me. If I bought a put on 6E futures (euro) traded at the CME, what would my risk be if I paid 210? I would assume my risk would just be that - what I paid right? However on my ladder (CTS t4) it says every tick is worth 12.5. So, if the option went to 0, my risk would be 210*12.50? Please help clear this up for me, thanks.