The Investment Thread

So with call options:

GSAT is currently 1.29 per share. And I believe the share price will close above 2.00 between now and July 21.

To buy 5 calls (each call is 100 shares) I have to pay a total premium of $50.

So if the share price closes at any time above 2.00 between now and July 21 then I could buy 500 shares at the current share price of $1.29??