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What's New in Education?

In this blog, you'll read about Scottrade's educational tools and resources. I'll keep you posted when new features are available and highlight popular articles. If you have ideas or suggestions for enhancing our educational offering, reply to a blog post or bring it up in the Education Resources discussion group.

Help with Options Symbols!

Still confused about what's happening with option symbols next month? Check out our new printable Guide to Option Symbols (click the blue link after the first paragraph in this article). It's a quick reference tool designed to help you navigate the option symbol changes that are being implemented industry-wide.

This guide explains the new option symbol format, provides examples of the new industry format and the simplified format Scottrade will be using, defines the difference between conversion and consolidation (two separate parts of this whole process), and describes how you will be affected, including important dates.

For more information about the upcoming option symbol changes, you can also visit the Option Symbols article in the Knowledge Center.

It's still early (nothing is changing until Jan. 22, 2010), but it doesn't hurt to be prepared, especially if you frequently trade options. Don't worry -- we'll keep reminding you

Posted by Education Editor on Dec 15, 2009 2:43 PM CST

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