Am I understanding options fees right?

I am using interactive brokers. This is their fee schedule for options.

http://ift.tt/1GROLQB

I was going to put $10k in AMD options, but then the fees seem ridiculous to me. $0.70/contract if the prem is >$0.1. so if I buy AMD call options for $0.16. This means I can buy $10000/16=~625 options. The fee will be 625*0.7=$437.50? Is my math wrong? If I just buy stocks instead its only $10

Submitted July 13, 2017 at 11:44AM by xenogeneral
via http://ift.tt/2ue1XQA

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