Options Trading Tutorial

If i have a call on a stock, and that stock reaches its price strike, what exactly am i entitled to?

Do i gain the different between my bid and strike for 100 shares?

Public Comments

1. You can hold on to it until its expiration date at which time you will want to execute it and hold or sell the stock; or you can sell your call for the current market bid; or you can execute it at any time prior to the expiration date, but in that particular case you will loose the market premium that the option holds.