Option contracts

An option contract specifies the parameters of  the agreement between the buyer and seller of the contract, including the type of option (call or put), quantity, expiration, and strike price. There are three option contract sizes within IQ: 

Option premium

To buy an option contract, you must pay a premium to the seller. Conversely, when you sell an option contract, you receive a premium from the buyer.

All option premiums are calculated per share.  For example, 100 shares x premium per share = cost or profit of option contract.
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