• Lot is the number of units of a financial instrument traded on the stock exchange.

  • For shares, the round lot is 100 shares, but they can also be traded with any number of shares.
  • The lot of bonds can vary, sometimes it is $100,000 or $1 million, but the face value can be as low as $1,000, which individual investors can purchase.
  • A trader can buy or sell as many futures as they want, although the base amount controlled by the contract is fixed depending on the size of the contract.
  • One option represents 100 shares of the underlying asset, and forex is traded in micro, mini and standard lots.