DEFINITION of 'Option Series'

A specific set of calls or puts on the same underlying security, in the same class and with the same strike price and expiration date.

BREAKING DOWN 'Option Series'

An option series is a certain contract traded on a particular exchange. For example, all ABC July puts would make up an options series.

  1. Strike Price

    The price at which a specific derivative contract can be exercised. ...
  2. Put On A Call

    One of the four types of compound options, this is a "put" option ...
  3. Expiration Time

    A specified time, after which the options contract is no longer ...
  4. Horizontal Spread

    An options strategy involving the simultaneous purchase and sale ...
  5. Iron Butterfly

    An options strategy that is created with four options at three ...
  6. In The Money

    1. For a call option, when the option's strike price is below ...
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  1. How do I set a strike price in a put?

    Learn about put options, considerations to make before you select strike prices and how to select strike prices for your ... Read Answer >>
  2. How do I set a strike price for an option?

    Learn about the strike price of an option and how to set a strike price for call and put options depending on risk tolerance ... Read Answer >>
  3. Why do options with the same underlying stock and strike prices trade for different ...

    You would think that two options with the same underlying stock and strike prices would trade at the same price, but interestingly ... Read Answer >>
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