As of February 12, 2010, there's a new way to identify stock options which should make it easier to identify what option we're dealing with just by looking at the symbol. I think it's best to take a few examples to see what the new symbols are.
Let's look go into the option quotes at The Options Industry Council, choose a few stock option symbols and see if we can decipher them:
YHOO101218C00016000
YHOO means YAHOO INC (NASDAQ)
101218 means that the stock option expires on 12/18/2010
C means that it's a call option
00016000 is the strike price: 16.0 dollars
IBM101210C00140000
This is an IBM (NYSE) option call that expires on 12/10/2010 with a strike price of 140.0 dollars.
F101218P00016000
This is a FORD (NYSE symbol F) option put that expires on 12/18/2010 with a strike price of 16.0 dollars.
Gotta say that it's much better than the old stock option symbol with the cryptic code letters. Change is good in this particular case.
Thursday, December 9, 2010
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