series


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Series

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.

Option Series

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.

series

References in periodicals archive ?
Eliminating a series: If a Delaware LLC with two series is treated as two partnerships for Federal tax purposes, changing to a single tax partnership by eliminating the series would likely be a partnership merger under Sec.
Adding a series:Just as eliminating a state law liability partition carries Federal income tax consequences under the partnership merger rules, the addition of a new series may cause similar problems.