I can’t resist.

Call - bet price goes up

Put - bet price goes down

Premium - price you pay per share

Buy - buy option

Sell - sell option

Exercise - purchase 100 shares for the agreed upon price

Options - 1 option = 100 shares, lots of “options” (buy, sell, call option, put option, spreads, exercise, etc.)

You pay a premium to buy the right to purchase a July 16th $800 call option. This means you’re reserving the right to purchase 100 shares for $800 by July 16th. If you don’t, you’re option expires the day after and you lose your premium, unless you sell your option before. Your premium is calculated by multiplying the price you see x 100. The $3.35 means 1 option costs $335, price changes constantly but is going up. If you bought 1 call option for $335, you would only lose $335. If between now and July 16th the price goes over $800, no matter how high it goes you would only have to buy at the $800 price, EXERCISE. You have to buy all 100 of them, but if you can’t, you may sell the contract for profit as well. So it will be $80,000.00 to exercise, or buy the stock for the agreement. But no matter how much the stock goes up, you would only have to pay that price. If it’s 10 million per stock? You pay $800 to buy $10 million. Again, theoretically and not financial advice. I cannot be more clear than this