Option Ticker Symbols
In the real world, you’ll rarely have to understand precisely how an option symbol is constructed. However, it’s useful to have a reference, just in case you’re feeling curious.
Individual options have ticker symbols just like individual stocks do. The symbol identifies the underlying stock, the expiration month, the strike price, and the type of option.
A series of letters identify the option. They appear in the order of root, expiration month, and strike price. The letter that is used for expiration month is also used to identify whether the option is a call or a put.
The first letter or group of letters (up to three) identify the underlying stock and is called the root. It doesn’t have to be the same as the stock symbol. ...
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