I have just started considering options but haven't traded so far. I found this interesting CALL for Google. Today GOOG closed at $465.66. JAN06 $60 CALL Option $391.35 (as per IB). If I buy the call and excercise, my total cost is 391.35+60=451.60 (ignore commissions). So I can make a profit of 465.66-451.60=$14.06 for a total profit of $1,406. I don't think making money is so easy. What am I missing here?