Options question

A

asdfghj7

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
 
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
 
Quote from asdfghj7:

I'm new to this, but isn't that the bid and ask for the July '6' call?
More...
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).
 
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