Options question

Discussion in 'Options' started by asdfghj7, Jun 24, 2008.

  1. http://finance.yahoo.com/q/op?s=F

    Above is the link to options for Ford Motor Company (F). Can someone please explain the point system to me. All I need to know is how much the July 5 call is. The 'Last' column says 0.60 as the price for the 5 call. Does 0.60 represent $60 for the 5 call or $600 for the 5 call. Thank-you
  2. well an option is "worth" 100 shares of stock...so in your example:

    $5 strike is $0.60
    multiply *100
    equals: $60 total for 1 call option
  3. Thanks traderTX
  4. MTE


    Except that the Jul 5 call on Ford is 0.14 bid, 0.15 ask. Never use the last price!
  5. I'm new to this, but isn't that the bid and ask for the July '6' call?
  6. Nanook


    As of End of Day (EOD) June 24 both yahoo.com and CBOE.com have Ford stock closing at $5.32.

    July 5 call options are: bid $0.55 ask $0.57

    Last sale/trade: $0.55

    You would pay $57.00 (excluding commissions) to buy one July 5 call option (100 x .57= 57.00).