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In the old days you could get a break on commissions if you bought in round lots of 100. That's not an issue these days, and in fact some brokers even let you trade fractional shares of certain high price per share stocks.

The only thing round lots help out with these days is if you wanted to do options strategies tied to your stock holdings, since each options contract you are able to buy or sell controls 100 shares each. So if you wanted to sell a covered call on your Johnson and Johnson shares, selling one covered call options contract would be a call on one hundred shares, so you'd want to own 100 Johnson and Johnson shares for each call options contract you sold.

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