With stocks if the option is priced at 5 on the offer and you buy it, it costs you $500 per contract? How does this apply to futures options? How much does an option in this market cost you? Typically with the actual futures contract, the near month is the most active until traders start rolling over to the next month and generally you would want to do the same. What are some general characteristics concerning options liquidity, tight bid ask, which month, strike, accurate data sources, etc.? I didn't find the CME site to be of much help. Perhaps I wasn't looking in the correct area. Thanks so much!