When looking at the options for various gold mining companies I notice that some have the term WRAP appended. Also the ticker for these changes. For example AEM for Agnico Eagle becomes AEY and the option is called a WRAP. What does this mean?
When looking up a November 08 $36.00 Call for Agnico Eagle (AEM) on E*Trade the listing comes up like this: "Agnico-Eagle Mines Ltd WRAP AEY.KO Option" Note that the ticker "AEM" has changed to "AEY" and the word "WRAP" appears
There's no 36 call, unless you meant 35, but even then I see no symbol change, no adjusted contracts or WRAP anywhere. I've checked on Bloomberg terminal and Thinkorswim. I don't know where that's coming from. I suggest you ask Etrade.