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Options: All option contracts of the same class that also have the same unit of trade, expiration date, and exercise price. Stocks: shares that have common characteristics, such as rights to ownership and voting, dividends, or par value. In the case of many foreign shares, one series may be owned only by citizens of the country in which the stock is registered.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
All the option contracts of the same class on the same underlying security with the same strike price and expiration date that are traded on an exchange. For example, all call options on Stock X with strike price Y expiring on the last Friday in March make up one option series in the exchange on which they are traded. An option series is also simply called a series.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
See option series.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.