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In the United States, the three leading stock indexes are the Dow Jones Industrial Average, the SP 500, and the Nasdaq Composite.
Index Options Symbology The symbology for an index options symbol is the symbol root, followed by a space, followed by the strike price code and month code. The root may be up to three characters. For example, the symbol for the SP 500 ($SPX. X) July 2001 1150 Call is SPT GJ.
World Indices SymbolNameLast Price^GSPCSP 5004,754.63^DJIDow Jones Industrial Average37,385.97^IXICNASDAQ Composite14,992.97^NYANYSE COMPOSITE (DJ)16,770.4532 more rows
The OCC option symbol consists of four parts: Root symbol of the underlying stock or ETF, padded with spaces to 6 characters. Expiration date, 6 digits in the format yymmdd. Option type, either P or C, for put or call.
The ticker for the SP 500 index is ^GSPC, but it cannot be traded. SPX and SPY represent options on the SP 500 index, and they are traded in the market.
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SP 500 SP 500 Index from 1970 to 2023FoundationMarch 4, 1957Trading symbol^GSPC $SPX SPX .SPX .INXConstituents503TypeLarge-cap6 more rows
The ticker for the SP 500 index is ^GSPC, but it cannot be traded. SPX and SPY represent options on the SP 500 index, and they are traded in the market.
SPX options offer the potential opportunity to manage large-cap U.S. equity exposure and execute risk management, hedging, asset allocation, and income generation strategies. COMPARISON OF SP 500 OPTION PRODUCTS.

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