Broker Detective Blog

February 25, 2010

Need help in deciphering options symbols?

Filed under: Investing — admin @ 12:50 pm
Vivek A asked:


Taking example of options for JPM:

I see symbols like JPMKD, JPMKS JPMKE etc. Does KD, KS etc carry any info or are these just random letters to differentiate different strike price?

There are other symbols that do not start with JPM, like LIVKU, LIVKH etc. These also have much less open interest as compared to JPM category with same strike price. What are the LIVs?

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2 Responses to “Need help in deciphering options symbols?”

  1. JohnGalt Says:

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    You too can use google or yahoo.

  2. zman492 Says:

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    In your JPM options example, the “K” indicates the expiration month and the type of option (call or put). The “K” indicates a call option with a November expiration date.

    The last character indicates the strike price. These usually follow the pattern shown at

    but not always, such as when the strike prices are in one dollar increments.

    The LIV options are AMEX FROs or “fixed return options” also known as “binary” options. Here is the press release from when they started trading FROs.

    There is a slightly longer explanation of them at

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