Follow posts
Title says all. I'm looking at some LEAPS and the following are in red font:
IV Delta Open Int Vol Change Last
What does that mean? Why's it red?
Thanks! How do you figure out what the specifications are? It doesn't give me a ticker symbol like in the link you showed me.
So if you have an adjusted option, you can close it easily?
Most traders will stay away from non-standard options. As OF said they can be difficult to trade. OF said it was a BIG DEAL as in difficult, not that he made a lot of money. If you see a large open interest a good portion can be from traders who owned an option before a merger/ acquisition, etc.
I am pretty sure that Tradeking will require a phone call to buy or sell non-standard options. They do this to protect those who may try to trade them without understanding all of the aspects of the trade.
Why are some option chains quoted in red?
Displaying all 7 forum posts
Title says all. I'm looking at some LEAPS and the following are in red font:
IV Delta Open Int Vol Change Last
What does that mean? Why's it red?
Those are non-standard options, sometimes called exotic options. Here is a blog that explains it:
http://community.tradeking.com/members/optionsguy/blogs/21306-watch-out-for-non-standard-options
http://community.tradeking.com/members/optionsguy/blogs/21306-watch-out-for-non-standard-options
Thanks! How do you figure out what the specifications are? It doesn't give me a ticker symbol like in the link you showed me.
Non standard options come about when a stock split or
an extraordinary dividend has been declared after the regular option starts to
trade. It is the way that the
market adjusts the situation so that there is no ‘advantage’ Noobies sometimes
look at these and think they got a ‘deal’ only to find out there’s no deal at
all and the options are generally less liquid. If you don’t know what you are doing here, you would be best
to stay away.
mtt - some legwork required, like finding and reading the CBOE or OCC options adjustment notes It is very difficult here at TK to trade these options, you can only close them. Some time ago :I wanted to roll-out my position to the next month using adjusted options and it was a BIG deal.
Thanks.OldFart said: mtt - some legwork required, like finding and reading the CBOE or OCC options adjustment notes It is very difficult here at TK to trade these options, you can only close them. Some time ago :I wanted to roll-out my position to the next month using adjusted options and it was a BIG deal.
So if you have an adjusted option, you can close it easily?
Options symbols like those in the post are no longer used. Tradeking does not put up the option name on the site but generally goes by the symbol/strike/expiration date once you make a purchase. The actual symbol for the option can be seen on yahoo's finance page. Pull up the stock symbol then click on options on the left hand side. Not sure if they have any info on the specifications.made to trade said:
Thanks! How do you figure out what the specifications are? It doesn't give me a ticker symbol like in the link you showed me.
Most traders will stay away from non-standard options. As OF said they can be difficult to trade. OF said it was a BIG DEAL as in difficult, not that he made a lot of money. If you see a large open interest a good portion can be from traders who owned an option before a merger/ acquisition, etc.
I am pretty sure that Tradeking will require a phone call to buy or sell non-standard options. They do this to protect those who may try to trade them without understanding all of the aspects of the trade.
Displaying all 7 forum posts
You must Log In to post to this forum.
Not a member? Register Now to …
- See what other traders are doing
- Make your own trades public
- Share your thoughts on a trade
- Join or start a group
- Connect with like-minded traders
