i'M IN THE DARK ON OPTIONS.i once held them to maturity, and...

i'M IN THE DARK ON OPTIONS.
i once held them to maturity, and lost on them I think?
Was told by a broker that they were in the money and good to keep. Being a newby then, 1994, I lost track of events.

But why would anyone want to buy an option now for more than what therie exercise price is??

Same broker warned me then about buying a company ord share for the price saying not good.
Funny how they went up 500% within the following weeks.
So, don't trust brokers.

Anyone have clues for me on options and relationship discussed above