Stock option symbols
Options Symbols - Definition A string of alphabets that define specific options contracts. Can be referred to as the stock option symbols of stock option symbols options contract. Options Symbols - Introduction Options symbols are "names" given to each specific options contracts traded over an options exchange. It is much like the stock symbols that represents each traded stock in the stock market. Yes, options symbols are made up of a string of alphabets that are made up using a specific methodology.
The first 3 alphabets defines the underlying stock, followed by a single alphabet that defines the expiration month and a single alphabet that defines the strike price. Deciphering this options symbol tells us that the following information: Expiration month is October Q: Different countries would have a different convention for the naming of stocks and options symbols.
This tutorial is directed solely towards options in the US market and accurate as at Sep Options involve risk and are not suitable for all investors. Data and information is provided for informational purposes only, and is not intended for trading purposes.
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