The ask price for a stock option is based on 100 shares per contract. In the example you cite, one option, which would control 100 shares, can be bought for $0.3 x 100 = $30 dollars (excluding commission).
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Bye
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.3 means 30 cents. That would be considered a penny stock. You shouldn't say a stock "sounds" cheap because stock prices vary.
Hi,
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Bye
I figure 30 cents sounds too cheap and $30 would make sense since I'm entitled to 100 shares
