>How many outstanding shares of stock do you have on a fully-diluted basis? X00,000s of stock options is meaningless, only percentages matter. You should always ask this question.

Bingo. I have no idea why they routinely fail to give enough information to make the option grant even remotely meaningful.

Fortunately, where I work, the head of finance told me how many shares were outstanding, fully diluted, and in writing, when I asked.