Series designation of options & futuresOptionsOptions series is designated by the symbol for the underlying stock or index as well as by giving certain codes for the expiration year, exercise price, expiration month and the type of option.
For example, the letter A shows that the contract is a call option with expiration month in January. Finally, the two last figures in the series designation show the option’s exercise price. For example, 30 in the series designation: ERICB8A30 tells us that the agreed price for the Ericsson B stock is 30 SEK. In the event of a share split, new issue of shares or similar events that imply a change in the strike price and/or the number of underlying stocks this is shown by the letter X, Y, Z or Q in the end of the series designation.
Futures and forwardsFutures and forward series are designated by the symbol for the underlying stock or index as well as by giving certain codes for the expiration year and month. Assume a standardized futures contract with series designation OMXS308G. What underlying instrument the future is related to is designated by the instrument symbol, in this case the OMXS30 index. The expiration year is designated by the last number of the year the futures expires, for example the figure 8 stands for year 2008. The month the contract expires, whether it is a stock futures or an index futures, is shown by a letter code which goes from A to L for index futures and from M to X for stock forwards and futures, as shown below. In our example, the letter G shows that the contract is an index futures with expiry in July.
In the event of a share split, new issue of shares, or similar event that imply a change in the price of the stock forward, and/or the number of underlying stocks, this is shown by the letter X, Y, Z or Q in the end of the series designation. |
News
News: Options, Forwards and Futures in Oriflame NASDAQ OMX can now offer investors the possibility to take a position in Oriflame by trading options, forwards and futures where the liquidity is best.
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