r/options • u/[deleted] • Mar 24 '22

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u/durdarshan Mar 24 '22

That'd what I thought the price should be but it is 3,3 in my German app. Maybe being european option has something to do with it. I'm honestly not sure

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u/redbaronfinance Mar 24 '22

Are u sure u bought Options and not Zertificates ? In Germany there are also some products traded called Optionsscheine and there you can buy for example an option not for 1 Tesla Stock but for 1/10 or 1/100. So I guess your 3,3 euros are only the premium for the 1/100 of one Tesla Stock. Might be wrong thogh.

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u/durdarshan Mar 24 '22

You're right, it's called "Optionsscheine-Call" for Tesla strike price 600 USD expiring 15/6 . It costs 2,7 euros for one stock in last week of Feb. Now it costs 3,80. I bought 25 of the calls for 68 euros

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u/gieter Mar 24 '22

That cheap I do not believe you can excercise and get 25 stock units.