There is no single, universally accepted format for orders. Each of the following is a valid version of the same order:

• BUY 10 ALCOA JAN 50 CALLS MARKET
• BUY 10 CALLS ALCOA JAN 50
• BUY 10 JAN 50 ALCOA CALLS
• BUY 10 JAN 50 ALCOA CALLS

What is the strike price of the option to be bought?

• a) +50
  Yes. 50 is the strike price and 10 is the number of calls to be bought. The number of contracts to be bought or sold is usually written directly after the word "buy" or "sell". Continue
  b) -10
  c) 0/999999999

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