On a given day, the rights to buy 160,000 shares of stock at a stated price by a stated date were traded. The newspaper would list the volume of options traded on that day as:
A) 16.
B) 160.
C) 1,600.
D) 16,000.
E) 160,000.

Question

Quizplus · Accepted Answer

Options are typically listed in contracts, with each contract representing 100 shares. Therefore, 160,000 shares would be represented by 1,600 contracts.

On a Given Day, the Rights to Buy 160,000 Shares