[plomahaaaa]

Just had a quick lecture of options today(correct me if im wrong anyone)...
-Calls are done on 100 share basis. Prices are per share.
-To simplify say you have call prem. of $5 per share & strike price of $50. Your option will have an expiration date...longer timeframe = ^ volatility = ^ option price.
-Your stock is sitting @ $45. At prices of $50 and above you will exercise the call. (In the money)
-Calls are better for volatile, risky stocks because you can limit downside risk to price of the calls and walk away if stock doesn't get "in the money." If stock plummits all you lose is what you paid for the options.