### Comment:
He sold the contract. The contract gives the holder of the contract the rights. Since he is no longer the contract holder, because he sold it, he has no rights to the shares. Period.  
  
 He never owned 1000 shares, only the right to buy them. He did not buy them. He sold the contract to some one else who might buy them.

### REPLY:
Cool! I'ma go buy some options now!

### END.