@Kathi1 @snarrjj Example: if I were to purchase these 10 contracts, each contract acts as 100 shares, so 10 contracts x 100 shares = 1,000 shares. . Even though the call is for $32, I have to pay a $3.90 premium for those calls, making my breakeven $35.90 instead of the $32 strike price. If stock price went to $37, I would profit $1.10/share x 1000 shares = $1,100 as long as I sold before the expiration.