This is a trading item or a component that was created using QuantShare by one of our members.
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This trading object gets data from another website; it marks stocks that are optionable by settings their corresponding field "optionable" of the database "optionable" to one. Value is set to zero for non optionable stocks.
A stock is optionable when it has options trading on a market exchange. Currently, there are more than 3000 companies with optionable stocks. There are some requirements that must be met in order for a stock to become optionable. For example, a stock is required to have a minimum number of outstanding shares and a minimum share price.
Knowing if a stock is optionable is very important if you plan to develop option-based trading strategies or if you want to use indicators based on a stock's options.