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Lesson 7

One contract covers 100 shares

An option's price is for one share, and one contract covers 100 shares. Multiply the price by 100 to find the total for one contract.

New here? Start from the beginning.

What is one contract?

One standard stock-option contract covers 100 shares of the stock.

Question 1 of 3

Learn how to count one contract

Turn sample per-share prices into money for 100 shares. Each of the four checkpoints ends with a two-answer question. Nothing places a trade.

CHECKPOINT 1 OF 4

Choose SOFI

0 / 4 checkpoints earned

When the chart loads, follow its highlighted control to earn your first checkpoint.

  1. Choose SOFI
  2. Count one contract, upcoming
  3. Count a put, upcoming
  4. Count the cash a put needs, upcoming

Loading the practice chart.

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The demo opens the full platform with other stocks, and its numbers change each day. Signed out, nothing there moves real money. If you are signed in with a connected broker, Place trade sends a real order, so read the screens without pressing it.

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