/biz/ - Business & Finance

alright, so ready to make baby's first option trade.
feel pretty good but just want to go over it to make sure i'm understanding it.
so this little piggy will have a premium of $13.65 which i will pay and will form my maximum loss regardless of price action, correct? unless i was retarded and it went up insanely and then i tried to exercise it at that high price.
is this premium per share, so the actual cost would be 1.3k, or is this 13.65 number accurate? cause that shit seems stupid fucking low.
anyway, was thinking of buying puts on ford cause they were already weak but also have so much fucking exposure in china it's not even funny