can you tell me what this means
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can you tell me what this means
BAC Feb 2009 8.0000 call
(CONTRAC.T_SIZE=100, 85 shares of BAC, 13.71 cash) (.JLWBL) The underlying security is from the merger of Merrill Lynch and BAC. Does this mean I will get 85 shares of BAC per contract if I chose to exercise? Yes. If you exercise the call option and pay $800 (100 x $8 strike price) you receive ONLY 85 shares of BAC, plus $13.71 cash. This call is significantly out of the money right now. -- Mark D. Wolfinger The Rookie's Guide to Options: The Beginner's Handbook of Trading Equity Options website: http://www.mdwoptions.com blog: http://blog.mdwoptions.com/options_for_rookies Free eBook: http://www.mdwoptions.com/freebook.pdf |
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