[Moral_]

>If you have 100 options at a strike price of $20, you have the right to buy 100 shares at $20 per share regardless of current market value of the stock

Not exactly. Maybe this isn't the same thing as an employer stock option. But a single call option, what I think you're referring to, gives you the right to buy 100 shares at x strike price. So 100 call options would be 10,000 shares at x price.

[voldron]

That is true for call and put options but employee stock options are not the same thing. A call or put option as you stated is for 100 shares per option contract. An employee stock option is the right to buy N number of shares at a strike price, not in blocks of 100 per contract.

[Moral_]

Thanks for the clarification!