Comments on: Replaced AA HL with AA HO http://geographic-independence.com/replaced-aa-hl-with-aa-ho/ The driver behind our financial goals Fri, 18 May 2012 07:59:07 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: davmp http://geographic-independence.com/replaced-aa-hl-with-aa-ho/#comment-548 davmp Wed, 05 Aug 2009 23:29:46 +0000 http://geographic-independence.com/?p=653#comment-548 In this particular case, 'AA HL' breaks down like this: "AA" is a reference to the underlying security from which the option is derived, 'H' represents the month of expiration for the option (August), and 'L' represents the strike price of the option ($11.00). Most of that is the same for 'AA HO' except the 'O' represents a different strike price, in this case $13.00. The strike price is the agreed upon price at which the option may be exercised at. It is probably worth noting that while the first part of an option symbol does represent the underlying security, it is not always exactly equal to the symbol for that underlying security. ('AA HL' is just special that way.) It may differ for different types of options, for example 'AJO HE' is an option derived from 'AFL' (the symbol for Aflac's stock registered at the NYSE.) To be honest, I'm not 100% sure where the differences come from - regular options vs. LEAPs vs. adjust options, or perhaps something else? In this particular case, ‘AA HL’ breaks down like this: “AA” is a reference to the underlying security from which the option is derived, ‘H’ represents the month of expiration for the option (August), and ‘L’ represents the strike price of the option ($11.00). Most of that is the same for ‘AA HO’ except the ‘O’ represents a different strike price, in this case $13.00. The strike price is the agreed upon price at which the option may be exercised at.

It is probably worth noting that while the first part of an option symbol does represent the underlying security, it is not always exactly equal to the symbol for that underlying security. (‘AA HL’ is just special that way.) It may differ for different types of options, for example ‘AJO HE’ is an option derived from ‘AFL’ (the symbol for Aflac’s stock registered at the NYSE.) To be honest, I’m not 100% sure where the differences come from – regular options vs. LEAPs vs. adjust options, or perhaps something else?

]]> By: Kimberly http://geographic-independence.com/replaced-aa-hl-with-aa-ho/#comment-547 Kimberly Wed, 05 Aug 2009 23:10:14 +0000 http://geographic-independence.com/?p=653#comment-547 What's the difference between AA HL and AA HO? By which I mean, what do the HO and HL stand for. What’s the difference between AA HL and AA HO? By which I mean, what do the HO and HL stand for.

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