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Options Symbol
You might need to look up its symbol, in order to trade a particular option.
(We will of course provide you with the exact symbols you require to place a
trade, if you trade with us). We have created a hypothetical example below, in
order to help you understand how options symbols are structures:
Hypothetical Option Symbol: “ABCDEF”
- Three distinct parts is what every option symbol consists of,
but the six letters it contains are stringed together.
- The name of the underlying security is the first part of an
options symbol consisting of three letters. It is generally the
ticker symbol of the underlying stock, for an option based on a
stock. It can vary greatly for Nasdaq stocks.
- Two letters is what comprises the middle part of an option
symbol. These represent (a) the expiration month and (b) identify
whether it is a put or a call option (see table below for details).
- You need to know that the option symbols are broken down into
three separate sections in order to determine the symbol itself.
| |
Call |
Put |
| January |
A |
M |
| February |
B |
N |
| March |
C |
O |
| April |
D |
P |
| May |
E |
Q |
| June |
F |
R |
| July |
G |
S |
| August |
H |
T |
| September |
I |
U |
| October |
J |
V |
| November |
K |
W |
| December |
L |
X |
- What represents the strike price, is the final letter of an option symbol.
The letter “F” represents a strike price ending with 30, in our particular
example.
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Information Corner:
Investing in Options - Before you begin investing in options, you must decide
how much of your money you can safely put at risk. If you are new to
options, we recommend no more than 10% of your portfolio...
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