Options on Twitter

I’ll be using a code, on twitter, for options dialogue.  Since, all my followers are the smartest people I’ve met, I likely don’t have to explain it.  But, incase anybody has any better ideas…well, chime in.

Template Option # 1————————————-

$AAPL###XMMMYY  …where X = C/P, ### = strike, MMM[12] = {JAN, FEB,…}, YY = Year, yes, we won’t be Y3K compliant.

- Not stating YY, assumes current year.

- Not stating MMM, assumes front month and current year

Template Option # 2————————————–

$AAPL###X##…where ### = strike, X = C/P, and the second set of ## = number of front months out

So, 99% of the time, people should choose #2, and you’ll see users tweeting this:

$ABC25C, $ABC35P2, or $ABC45CMAR …cause the front three months are the most actively traded.

Where strike is a decimal number, um…I’ll put the decimal, for now.

…and it’s not something option traders HAVE to use, it’s something they CAN use.

I think it should work…whether stocktwits.com wants to do anything with it or not, that’ll be up to them…