Final answer:
The cost of purchasing 10 contracts of a call option depends on the premium per share. For example, at a premium of $3.50 per share, buying 10 contracts would cost $3,500, excluding any commissions.
Step-by-step explanation:
To determine the cost of buying 10 contracts of the February 110 call option, we need to know the premium per option contract. Options contracts are typically quoted in terms of price per share, and each standard contract represents 100 shares of the underlying asset. Therefore, if the February 110 call option has a premium of, for example, $3.50 per share, the total cost for 10 contracts would be calculated as follows: $3.50 (premium per share) x 100 (shares per contract) x 10 (number of contracts) = $3,500.
Ignoring commissions, you would pay $3,500 to purchase 10 contracts of the February 110 call option. Since this is a hypothetical example, the actual cost will depend on the current market premium of the call option you are looking to buy.