Stocks & Commodities V. 25:10 (65): Explore Your Options by Tom Gentile
Product Description
Explore Your Options by Tom Gentile
UNDERSTANDING OPTION SYMBOLS
I know stock symbols usually have threeor four-letter symbols. Why do options have five-letter symbols?
Stocks can have one-, two-, three-, four-, or even five-letter symbols. For example, the symbol for Citigroup is C, for Coca Cola it is KO, and International Business Machines is IBM. Option symbols consist of three pieces of information and have between three and five symbols. The first part is the option root symbol, which is often the same as the ticker for the stock. The root symbol for Citigroup is C. In the case of a four-letter stock, the root symbol is shortened to three letters. The stock symbol for Microsoft is MSFT and the option root symbol is MSQ.
UNDERSTANDING OPTION SYMBOLS
I know stock symbols usually have threeor four-letter symbols. Why do options have five-letter symbols?
Stocks can have one-, two-, three-, four-, or even five-letter symbols. For example, the symbol for Citigroup is C, for Coca Cola it is KO, and International Business Machines is IBM. Option symbols consist of three pieces of information and have between three and five symbols. The first part is the option root symbol, which is often the same as the ticker for the stock. The root symbol for Citigroup is C. In the case of a four-letter stock, the root symbol is shortened to three letters. The stock symbol for Microsoft is MSFT and the option root symbol is MSQ.
FOR THOSE ORDERING ARTICLES SEPARATELY:
*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at store.traders.com users can view the S&C Digital Edition in the subscriber's section on Traders.com.
| Take Control of Your Trading. |
| Professional Traders' Starter Kit |
| All these items shown below only $299.99! |
| Click Here to Order |