ASX 1.68% $63.41 asx limited

option question

  1. 62 Posts.
    Hypothetical!!
    I have 50000 csco shares! I want to sell a 27.50 April call!! I buy 500 contracts ( 1 contract =100 shares) The price i sell is .45!!
    How much do i receive?
    Is it .45 times 500 contracts $225 or is it .45 times 50000 shares $ 22,250 or is it $2250!!!
    Thankyou!!!
 
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