Options symbols contain key information about an option. Yahoo Finance uses OCC (Options Clearing Corporation) symbology. Click an option symbol to see its option summary page.
The components of an options symbol are: Root symbol (ticker symbol) + Expiration Year (yy) + Expiration Month (mm) + Expiration Day (dd) + Call/Put Indicator (C or P) + Strike Price*.
To calculate the intrinsic value, take the difference between the current price of the underlying security and the option contract's strike price. The underlying security's current price, above or below the option contract's strike price, is the amount the contract is in-the-money.
The strike price is the price at which you can buy (with a call) or sell (with a put). Call options with higher strike prices are almost always less expensive than lower striked calls. The reverse is true for put options—lower strike prices also translate into lower option prices.
This value is the option's mark price. The mark price is the midpoint between the bid price and the ask price, and it's used as the simplest way to help determine the theoretical value of an option. If no buyers are currently available in the market, the mark price will display as $0.01.
Theta is generally expressed as a negative number for long positions and a positive number for short positions. It can be thought of as the amount by which an option's value declines daily. For instance, a theta of -0.05 indicates that the option's price will decrease by five cents per day.
Options codes are designed to assist in the staging out of a project and are programmed to complete the following functions: Option- the standard option used for quoting a customer. Prints only on a customer copy. Lines that it contains cannot be converted to an order.
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