2.84 for a net of 2840 dollars. (March expiration) (commission is 9.99 + 75 cents a contract) I have 75,000 dollars in my account for this trade in the event the stock is put on my trading account. If the stock does end up in my account. I will write covered calls on the SPY holdings. I think I should do okay on this trade. Worst case scenario I become owner of 1000 shares of SPY.