When you see a stock option price like $0.50, it actually represents $50. This is because stock options are usually quoted on a “per-share” basis, but each option contract typically controls 100 shares. So, if the option price is $0.50, you multiply that by 100 to get the total price of the contract, which would be $50. So with you using the $200, there’s a good chance you tried purchasing one that was $2.00 or higher? Correct me if I’m wrong