And how many of that, if it's shares.
Now options are not just for stocks.
For example, suppose you are a builder and you're building a shopping center.
You want to build a shopping center in the city, near a city.
So you look around and
you find, well, there's some farmland here that looks well-positioned.
Maybe I want to build my shopping center on this guy's farm.
But he's a farmer, right?
He doesn't know you're coming.
So you walk over to him and you say, I'd like to buy an option on your farm.
We haven't really finalized this deal to build a shopping center, but
maybe we'll change our mind.
But we want to know that we can get your farm.
And the farmer might first say, no way, you want my farm?
[LAUGH] And then you say, look, it's just an option.
If it expires unused, you just keep the money.
So maybe the farmer will do that.
And he'll think about it and say, well, the guy is offering me money right now,
maybe nothing will come of it.
So that's an example of an option.
And it undoubtedly has a long history.
There must have been many times, going back to Sumerian times,
if you listen to Bill Getzman [LAUGH], when people thought of that.
I'm thinking of buying something, but
I don't know that the seller is willing to sell, so you would buy an option.