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Futures Option > Option Symbols for Trading
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Understanding Option Symbols
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Options are referred to in codes both spoken among brokers and clients in and listings where they may appear. The recognizable components in the option symbol are ; the underlying stock symbol
(which may vary with NASDAQ stocks), followed by the expiration month (which is a put or a call option based on its code), which is then followed by the striking price.
More specifically, in the other words: first comes the stock abbreviation, which is appended by a period
and a two letter code -- the first of the two letters standing for the month (coded as a either
call or a put) and
the second letter of the two referring to the striking price by symbol. |
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For example: |
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Strike Price Symbols |
standard strike price |
code |
5 |
105 |
205 |
305 |
A |
10 |
110 |
210 |
310 |
B |
15 |
115 |
215 |
315 |
C |
20 |
120 |
220 |
320 |
D |
25 |
125 |
225 |
325 |
E |
30 |
130 |
230 |
330 |
F |
35 |
135 |
235 |
335 |
G |
40 |
140 |
240 |
340 |
H |
45 |
145 |
245 |
345 |
I |
50 |
150 |
250 |
350 |
J |
55 |
155 |
255 |
355 |
K |
60 |
160 |
260 |
360 |
L |
65 |
165 |
265 |
365 |
M |
70 |
170 |
270 |
370 |
N |
75 |
175 |
275 |
375 |
O |
80 |
180 |
280 |
380 |
P |
85 |
185 |
285 |
385 |
Q |
90 |
190 |
290 |
390 |
R |
95 |
195 |
295 |
395 |
S |
100 |
200 |
300 |
400 |
T |
non- standard strike price
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code
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7 1/2 |
U |
12 1/2 |
V |
17 1/2 |
W |
22 1/2 |
X |
27 1/2 |
Y |
33 |
Z |
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Apple
Computer |
November Call |
$65 |
AAQ |
K |
M |
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Expiration Month Symbols |
month |
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 |
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