Contract Specifications 


The contract size of an option contract (the number of underlying securities covered by the option) is 100 shares, unless adjusted for a special event such as a stock split, reverse stock split or consolidation.  1 contract covers 100 shares of stock.  Option premiums are quoted per option, a mutiplier of 100 needs to be used to find cost of a single contract.  eg, BVF Oct 20 Calls @ $1.25. ($1.25 x 100 = $125/contract).  To purchase 1 BVF 20 Call, it will cost $125.00 per contract.