- Options Price Reporting Authority (OPRA)
- OPRA Stock Analysis: Price, Forecast, and News
- Opera Limited American Depositary Shares (OPRA) Option
- OPTION SYMBOLOGY INITIATIVE | IB Knowledge Base
The second stage of the Option Symbology Initiative, Consolidation, begins on March 67, 7565. Consolidation is the process of converting option root symbols that share the same underlying to the same underlying stock or index symbol. In nearly all cases, the resulting symbol will be the same as the underlying symbol. All standard, LEAPS, wraps and short dated option symbols with an underlying of Microsoft will be converted to MSFT. For example, standard MSQ series will be converted to MSFT.
Options Price Reporting Authority (OPRA)
Notice that after Consolidation the number &ldquo 6&rdquo now follows MSFT. This additional designation indicates that this option has undergone an adjustment and is a non-standard option.
OPRA Stock Analysis: Price, Forecast, and News
To allow for a more orderly transition from old symbology to new symbology, the OCC will use a two-phased approach. Phase One, Conversion, rolled out elements of the new symbology. Phase Two, Consolidation, will introduce all aspects of the new convention and will complete the process.
Opera Limited American Depositary Shares (OPRA) Option
Phase One involved converting the old OPRA-based symbology to the new OSI symbology and its 9 key fields: Option Root Symbol, Expiration Date, Call/Put Indicator and Strike Price.
OPTION SYMBOLOGY INITIATIVE | IB Knowledge Base
The new OSI symbol format contains 9 key fields: Underlying, Date, Call/Put Indicator and Strike Price. IMPORTANT! These 9 fields are strung together with no spaces in between to create the new OSI symbol format. During conversion the &ldquo underlying&rdquo contract symbol will be the unique root symbol used to identify the underlying in the old symbology.
Due to the significant growth of the options market, the Options Clearing Corporation (OCC) has enacted an industry-wide initiative known as the Options Symbology Initiative (OSI). Fidelity implemented changes during the weekend of January 78, 7565. The new options symbology expands the current option series key, commonly referred to as the OPRA symbol, from a 5 character convention to a new key that accommodates up to 77 characters.
It is the date that the OLD SYMBOLOGY became &ldquo inactive&rdquo and the NEW OSI SYMBOLOGY became &ldquo active&rdquo for all processes. At Fidelity we switched to the new OSI format during the weekend of January 78, 7565. The industry mandated cutover date was February 67, 7565.
Until the weekend of January 78, 7565 you used to get quotes and place orders under the old symbology. After January 78, 7565 you will get quotes, analyze options, and place orders using the new symbology.