With gold now at $ 1,233.40 per ounce, that
option is currently priced around $ 42.30 per ounce, meaning it would cost you $ 4,230 for a minimum purchase of a
single June 2012
call option [The minimum purchase would be
options on one 100 - ounce
contract: The
option priced at $ 42.30 per ounce x the 100 ounces in the
contract = the $ 4,230 outlay].