Which of the following characteristics are correct regarding the old style option quotation system?
I. The system is known as OPRA - the Options Price Reporting Authority code.
II. The system has 3 data elements.
III. The system has 21 characters.
IV. The system has 5 characters.
V. The system is known as the OCC Series Key.
VI. The root symbol is the underlying stock's ticker symbol.
A)I, II, III, and VI
B)II, III, IV, and V
C)I, II, and IV
D)II, III, V, and VI
E)III, V, and VI

Question

Quizplus · Accepted Answer

The old style option quotation system, known as the OCC Series Key, has 3 data elements and consists of 5 characters. The root symbol typically represents the underlying stock's ticker symbol, but this is not a characteristic of the quotation system itself, so it's not included in the correct answer.

Which of the Following Characteristics Are Correct Regarding the Old