Dumb Question, but what is the 'price' of an option...

I've never seen this before on other option chains, but what is the price column on Google Finance for options mean?

http://www.google.com/finance/option_chain?q=NYSE:LNKD

It's not the strike price, price of underlying asset, or even bid/ask. So what is it?

 

Last trade, perhaps?

 

that is the premium. that is the value of the option

 

Hmm... I don't get it, the numbers don't make sense. If it's the premium, how come the 120 call has a higher premium than 115 call?

 

because it is not liquid on the particular option strike price. Or there is not that many buyer and seller on that particular strike price at the moment

 

Last sale......Last sale on low volume names is often outside the markets.

 

It's the last trade... The Jun 120 call last traded on the 27th of May at 13.

 

Please be careful answering when you are unsure as you provide a answer that is 100% wrong. As many posters indicated here it appears to be LAST TRADE.

Illiquidity or lack of buyers or sellers is not a reason for put/call parity or option arbitrage rules to get thrown out the window.

 

i said at the moment based on the time stamp i posted. anything can happen within few milisecond

 

I would go with Yahoo Finance for option quotes, Google Finance is useless when compared to Yahoo Finance.