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Alex Khandelwal's  Instablog

Alex Khandelwal
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Alex is the Co-Founder and Chief Investment Officer at Chrome Asset Management, a registered investment advisor in Denver, Colorado. Alex has been a Certified Financial Planner (CFP ®) since 2010 and also holds a number of FINRA licenses.
My company:
Chrome Asset Management
My blog:
Chrome Asset Management - Blog
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  • New Format for Options Symbols
    A new option symbol format is being adopted by the Options Clearing Commission. According to a report from Schwab,
    "The OCC has decided to undertake this change in response to changes in technology and the proliferation of new options products by the exchanges. The number and types of options products have grown substantially in recent years, straining the capacity of the original symbol format. The new, longer symbol format will be able to accommodate new products and support future growth."

    This is an ongoing process which will begin on March 12, 2010 when the OCC will determine which securities will adopt this new symbol format. Once this has been determined, a process of consolidation will take place alphabetically beginning with symbols beginning with A on April 9, 2010. By May 14th the last group of symbols beginning with S-Z will be converted to the new format.


    New Option Symbol Format:

    Underlying Symbol Expiration Year Expiration Month Expiration Day Call/Put Strike Price Strike Price 
    (Decimal)
    GOOG 10 06 18 C 00650 000


    Old Option Symbol Format:

    Root Symbol Expiration Date and Call/Put Strike Price
    GOQ F J


    So a GOOG June 2010 650 Call option symbol would be "GOOG100618C00650000" rather than the current symbol, "GOQFJ".  Make sure to familiarize yourself with the new symbols before April.





    Disclosure: No Specific Securities Mentioned
    Jan 19 7:53 PM | Link | Comment!
  • Commodities Surge as Dollar Slips
    Gold hit another record high at $1072 per oz, and oil hit another high for the year at $75 per barrel. Commodities surge as the dollar slips to a new 14-month low against other major currencies.
    Oct 14 1:03 PM | Link | Comment!
  • Dow Climbs Towards 10,000
    The Dow Jones Industrial Average reaches new 2009 highs as it climbs towards 10,000 points.  Stocks are on a positive beat after earnings reports from Intel (INTC) and JP Morgan (JPM). 
    Oct 14 1:01 PM | Link | Comment!
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