Question
What is the options symbology initiative and which options are affected?
Answer
The options symbology initiative is a standard for displaying options that will enable option owners to more easily identify and understand which options they own. Instead of the current codes that represent a strike price, an expiration date and a put/call, options symbology displays the option root symbol, an actual expiration date, an actual strike price, and clearly marked put/call. This standard will occur in GainsKeeper and in the entire financial community. The following options will be affected by the options symbol change:
Equity Options
Index Options
Yield Based Options
Short Dated Options
Flex Options