From: "Jeffrey E." <[email protected]> To: Richard Kahn Subject: Re: apple Date: Wed, 29 Mar 2017 14:52:12 +0000 i want a strike price of 150. and or 155. connect me to amanda with a caterer= asap • On Wed, Mar 29, 2017 at 10:46 AM, Richard Kahn < wrote: Not sure I agree about cheap. Richard Kahn HBRK Associates Inc. 575 Lexington Avenue, 4th Floor New York, NY 10022 Phone Fax Cel Begin forwarded message: From: "Ens, Amanda" <I Date: March 29, 2017 at 9:31:13 AM EDT To: Richard Kahn Subject: RE: apple Rich, Very good question. Equity options are typically priced on spot notional, not strike notional. So 1mm shares * 143.80 = $143,800,000 notional 18.85% = $27,106,300 premium Sounds like a lot but these are actually quite cheap. Regards, Amanda From: Richard Kahn [mailto: Sent: Wednesday, March 29, 2017 9:21 AM EFTA01051259