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.
|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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