I'm brand spanking new to options, so go easy.
I've a couple of questions that I believe I already know the answer to, but just want confirmed using the following option as an example:
Long 1 Oct SUN $20.34 Call @ $0.78
(A) 1 AUS option controls 1000 shares and 1 US option controls 100 US shares. So the above Call would cost me $780 (and that's the minimum I could take this position for). And if this was a US option (just for argument's sake) I could take a position for $78 (being the minimum again). Is this correct?
(B) A Bull Call Spread is the same as a Long Call Spread?
Thanks - thats it for now.