Put options, how many shares?

Discussion in 'Options' started by abrejner, Sep 23, 2010.

  1. abrejner


    Hello, I am new to the forum, but have been trading for some time.

    I am looking into insurance through options, but I need to know how exactly it works..

    Lets say I buy this:

    35.000 .SNDK\10V16\35.0 price:1.480

    How many shares does that "count" for?

  2. anders,

    Put options usually represent 100 shares unless there has been an adjustment.

    However, I would warn that knowing this is one of the most basic pieces of info to learn about options trading and I think you really need to study options quite a bit more before even trying one trade. Sorry to sound so direct, but again, please study puts and calls more before doing any trades.