Share your insights or perspective on the financial matter presented in the input.

Common Stock Options Value
Par value of common stock is essentially a historical artifact; it is a price at which the company will redeem shares directly.  If common stock has any par value at all, it is always so low that no one would ever redeem, preferring to sell in the market at a better price.  Par is obviously much more relevant to debt securities than equities. So you do need a strike price.  ljwobker's letter is a typical one, in that companies often make the strike price for granted options a formula based on the market price of the stock at the time of the grant, say 100% of market or 110% of market.  But you will obviously need to find out what strike your company is offering.