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jumper already explained you the basics, only thing i want to add is
that ameritrade charges $9.99 plus $0.75 per contract (and not 9.99
for each contract) .. (most brokers charge in similar fashion .. rates
might be different tho) so for 1000 contracts u are looking at around
$0.75 x 1000 + 9.99 = $759.99 commission and not 9990 :)
do some homework before u start on options trading, u can lose entire
amount almost immediately...
> I have TD Ameritrade...
> So lets say I purchased 1000 April calls for .10 per contract, thats
> 100$ , and on top of that I would get charged 9.99$ per contract from
> TD ameritrade, for a total of 9990 ? So Together I would pay 10090 for
> everything ? Then I would have to resell that again @ 17.53? So my
> profit would have been 176877.77$ ?? Correct me if I'm wrong.