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Can someone explain to me the new options system? 
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Helpful Bugger

Joined: Tue Jan 27, 2009 10:53 pm
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Location: Los Angeles
Post Can someone explain to me the new options system?
I wanted to buy some POT puts today but I didnt know how to enter in the new symbols.
Anyone know what the symbols would be for POT Mar puts?
thanks in advance


Wed Feb 17, 2010 6:26 pm
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Location: Brantford, Ontario, Canada
Post Re: Can someone explain to me the new options system?
.PYP100320P110

??

That's what ToS is telling me. That's a march 110 put.

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Wed Feb 17, 2010 8:02 pm
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Post Re: Can someone explain to me the new options system?
Quote:
.PYP100320P110


Here's what I get:

.PYP-10-03-20-P-110

.PYP - Identifier. I thought this was going to be the ticker symbol, but I guess not
10 - Year (2010)
03 - Month (March)
20 - Day (3rd Saturday in March)
P - (P)ut or (C)all
110 - Strike (110)

Supposedly these are human readable option codes, but without using the symbol as the identifier it's no more useful to me than the old codes

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Disclaimer - My comments herein should not be construed as advice or a prognostication of future activity in the financial markets. My comments herein solely reflect a discussion of possibilities with other non-professional speculators.


Wed Feb 17, 2010 10:04 pm
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Joined: Tue Jan 27, 2009 10:53 pm
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Location: Los Angeles
Post Re: Can someone explain to me the new options system?
thanks guys. I realized my orders werent going through bc I had an old version of my trading platform.
Either way this new system is complciated


Mon Feb 22, 2010 12:49 am
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