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Options Symbol
To determine what the option symbol is, you need to know that they are broken
down into three separate sections. Let's use an example to explain this.
Option Symbol: ABCDEF
- The first three letters of the option symbol represent the underlying
security. For a listed stock, it's generally the underlying security's symbol.
For Nasdaq stocks, it can vary greatly.
- The next to last symbol represents the expiration month and identifies
whether it is a put or a call.
| |
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 |
- The last letter represents the strike price. In this example, the letter
"F" represents a strike price ending with 30.
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