Options question???

ok say i bought an option for 3 dollars so thats 900 dollars total and say the option goes up to 4 dollars so now the option is worth 1600. so my question is am i only up 700 dollars so im still down 200 on the original option price or am i up the whole 1600.

Each publicly traded option covers 100 shares of the underlying stock. In your example, if you purchase 1 option contract for a quote of $3, that means it cost you $300 total (plus commission). If the price of that option went to $4 per option, it is now worth $400. If you sold it at $4, you would have a $100 profit (minus commissions to sell).

Your math is off. If you buy 1 option for $3 that is 100 * 3 = $300 (plus trade fee). If you sell it at $4 you get 100 * 4 = $400 (minus trade fee). So you made $100 minus 2 option trade fees.

If you bought (3) $3 options for $900 and sold them at $4 ($1200), you would make $300 minus sales commissions for the 2 trades.

After reading your question, you should do nothing in options except study them, Do not trade them, do not invest in them. study them only

1 contract is for 100 shares,
if the option sells for $3, it will cost you $300 for 1 contract

If you sell that contract for $4, you'd receive $400, less commissions.

In all seriousness, you better keep studying before you really hurt yourself financially