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Stocks & Commodities V. 25:10 (65): Explore Your Options by Tom Gentile
Stocks & Commodities V. 25:10 (65): Explore Your Options by Tom Gentile
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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.
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