Louise just purchased 3 call option contracts on GE stock.How many shares of stock can she buy at the strike price based on these contracts?
A)3
B)30
C)300
D)30,000
E)300,000

Name: Louise just purchased 3 call option contracts on GE stock.How many shares of stock can she buy at the strike price based on these contracts? A)3 B)30 C)300 D)30,000 E)300,000
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Each call option contract typically represents 100 shares, so 3 contracts allow her to buy 300 shares (3 contracts x 100 shares per contract).

Louise Just Purchased 3 Call Option Contracts on GE Stock