Important Dates:
Next Important Date:
January
All Dates:
- January 23, 2010
Schwab converted to the new symbol format.
- February 12, 2010
Deadline for all firms that support options to convert to the new symbol format.
- March 12, 2010
An initial group of options gets consolidated to the new symbol format.
- April 9, 2010
All options whose underlying ticker symbols start with the letters A–C get consolidated.
- April 23, 2010
All options whose underlying ticker symbols start with the letters D–I get consolidated.
- May 7, 2010
All options whose underlying ticker symbols start with the letters J–R get consolidated.
- May 14, 2010
All options whose underlying ticker symbols start with the letters S–Z get consolidated.
Note: The symbols included in each consolidation group are subject to change by the OCC.
Options symbols have changed.
Learn how this may affect you.
To show you how Schwab is making the transition as seamless as possible for you, we urge you to read our Key Details, particularly the questions about how your trading experience and orders are affected. You should also watch our helpful tutorials, and make note of the important dates. Of course, if at any time you have a question or comment, please call us at +852-2101-0500. As always, thank you for your continued trust in us.
Example of changes
New Schwab format |
||||||
SymbolAAPL 05/22/2010 20.00 C |
||||||
|---|---|---|---|---|---|---|
| 4 data elements | ||||||
| 1 | 2 | 3 | 4 | |||
| Underlying security (root symbol) |
Expiration month |
Expiration day |
Expiration year |
Strike price (dollars) | Strike price (decimals) | Call/Put indicator |
| AAPL | 05 | 22 | 2010 | 20 | .00 | C |
New industry format |
||||||
SymbolAAPL 100522C00020000 |
||||||
|---|---|---|---|---|---|---|
| 4 data elements | ||||||
| 1 | 2 | 3 | 4 | |||
| Underlying security (root symbol) |
Expiration year | Expiration month | Expiration day | Call/Put indicator | Strike price (dollars) |
Strike price (decimals) |
| AAPL | 10 | 05 | 22 | C | 00020 | 000 |
Original format |
||||||
SymbolAAQED |
||||||
|---|---|---|---|---|---|---|
| 3 data elements | ||||||
| 1 | 2 | 3 | ||||
| Root symbol | Expiration date and call/put indicator | Strike price | ||||
| AAQ | E | D | ||||