Understanding Quotes & Symbols

 

Online Symbols & Quotes Course

 

Stock Option Naming Conventions
& Expiration Month Codes

The Stock Options names are written in the following manner: SYMBOL MP

Symbol = The Option Root Symbol
M = Expiration Month
P = Strike Price

Example: MSQGN

Microsoft = MSQ
July Call = G
$70 = N

 

Expiration Month Codes:

Month	Call	put
January	A	M
February	B	N
March	C	O
April	D	P
May	E	Q
June	F	R
July	G	S
August	H	T
September	I	U
October	J	V
November	K	W
December	L	X

 

Non-Standard Strike Price Codes

These are general non-standard strike price codes. They can change at the discretion of OPRA without prior notice.

price	code
7 ½	U
12 ½	V
17 ½	W
22 ½	W
27 ½	Y
33	Z

 

Standard Strike Price Codes

Price					Code
5	105	205	305	405	A
10	110	210	310	410	B
15	115	215	315	415	C
20	120	220	320	420	D
25	125	225	325	425	E
30	130	230	330	430	F
35	135	235	335	435	G
40	140	240	340	440	H
45	145	245	345	445	I
50	150	250	350	450	J
55	155	255	355	455	K
60	160	260	360	460	L
65	165	265	365	465	M
70	170	270	370	470	N
75	175	275	375	475	O
80	180	280	380	480	P
85	185	285	385	485	Q
90	190	290	390	490	R
95	195	295	395	495	S
100	200	300	400	500	T