can you tell me what this means
BAC Feb 2009 8.0000 call (CONTRAC.T_SIZE=100, 85 shares of
BAC, 13.71 cash) (.JLWBL)

The underlying security is from the merger of Merrill Lynch and BAC.
Does this mean I will get 85 shares of BAC per contract if I chose to exercise?

Yes. If you exercise the call option and pay $800 (100 x $8 strike price) you receive ONLY 85 shares of BAC, plus $13.71 cash.
This call is significantly out of the money right now.

Mark D. Wolfinger
The Rookie's Guide to Options:
The Beginner's Handbook of Trading Equity Options
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