### Comment:
That is a wholesome reply! Thanks a lot. I actually have an an OK understanding of options now. If you don't mind helping me with just one more bit , how's the normal quotation of options go? For example ,  $MU 11/2 $60 call , does thAt mean you have the right to buy 100 shares of MU at second of November at $60 a share? And whatever the price of that option is trading for right now is the premium?

### REPLY:
You've got it. That's exactly what all that means.

### END.