LEAPS® Symbols
In order to differentiate LEAPS® from shorter-dated options, LEAPS® have a different set of symbols for retrieval on quotation systems. While other options have fixed symbols, LEAPS® symbols change to reflect the expiration year.
| Options | Symbol | LEAPS® Option | Symbol |
|---|---|---|---|
| OCT ('02) 15 call |
MOT JC | JAN ('04) 15 LEAPS® call |
LMA AC |
| JAN ('03) 15 call |
MOT AC | JAN ('05) 15 LEAPS® call |
ZMA AC |
| APR ('03) 15 call |
MOT DC |
This feature makes it easy to distinguish a longer-term option from a shorter-term option in data listings. To obtain a symbol for a LEAPS® option access OIC's Directory of Listed Options (XLS).
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