The "daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online

Hey everyone, Kirk here again from Option Alpha and welcome back to the daily call. On today's call, we're going to answer the question – "How can I tell which option contracts are weekly options versus standard option or monthly option contracts?" First, just to describe I guess generally what weekly contracts are, weekly contracts came about a couple of years ago now. Basically, I like to use them as like the fill in the gap type contracts whereas we used to have just monthly and quarterly contracts in the options market. The weekly contracts came in because people wanted to trade different expiration dates and basically wanted to really pinpoint different times that they wanted to trade different durations that they wanted to trade. These weekly contracts came about eventually, first starting on some of the major indexes, now have pretty much spread to a lot of securities, not all securities obviously, but have grown in popularity because people like to trade in most cases, a very short duration contract a