The difference between the high and low price of a security in one trading day.
An order to buy or sell a security which expires if not filled by the end of the day.
The purchase and sale of a position in the same day.
An approach to trading in which the same position is entered and exited within one day.
Quotes from a data service provider which are delayed up to 20 minutes from real time quotes.
A measure of option or underlying securities delta.
Financial instruments based on the market value of an underlying asset.
Brokerage firms that offer lower commission rates than full service brokers, but do not offer services such as advice, research and portfolio planning.
When 2 or more averages or indices fail to show confirming trends.
A sum of money paid out to a shareholder from the stock's profits.
Used as an overall indicator of market performance, this average is composed of 30 blue chip stocks which are traded daily on the New York Stock Exchange.
The potential for prices to decrease.
The potential risk one takes if prices decrease in directional trading.
The commission made by a broker for the purchase and sale sides of a trade.
The close of the trading day when market prices settle.
An Investor's Business Daily list of companies ranked from 0 to 100 by the strength of each company's earnings per share.
A price level in a sideways market equal-distance from the resistance and support levels.
Dollars deposited in foreign banks, with the futures contract reflecting the rates offered between US banks and foreign banks.
An area where an asset, option, future, stock or derivative is bought and sold.
The price at which one country's currency can be converted into another country's currency.
The process of completing an order to buy or sell securities.
Implementing an option's right to buy or sell the underlying security.
The stock price is randomly projected into the future using the stock's 20-day statistical (historical) volatility (SV) in the Optionetics option trade ranker tool. The stock price projection stops at the expiration of the earlist expiring option leg. The stock price future statistical distribution at option expiration is used to compute possible profits and losses. Expected Profit is the predicted profits minus the predicted losses expressed in total dollars.
The date and time after which an option may no longer be exercised.
An opportunity that can yield large profits with usually a limited risk in a short amount of time.
The price of an option less its intrinsic value. An out-of-the money option's worth consists of nothing but extrinsic or time value.
Selling a rising price or buying a falling price.
The value of an asset under normal conditions.
The theoretical value of what an option should be worth usually generated by an option pricing model such as the Black-Scholes option pricing model.
A stock with so much volume that the order entry systems have difficulty processing all of the orders.
An order that must be filled or canceled immediately.
Placing an order to buy or sell an exact number of units or none at all.
The term used for debt instruments.
A delta figure that does not change with the change in the underlying. A futures contract has a fixed delta of plus or minus 100.
An exchange member who is paid a fee for executing orders.
A summary of the information on an order ticket.
An exchange member who executes orders from the floor of the exchange only for his/her own account.
An approach to trading research to predict futures and stock price movements based on a balance sheet and income statements, past records of earnings, sales, assets, management, products and services.
All contracts covering the purchase and sale of financial instruments or physical commodities for future delivery. These orders are transacted on a commodity futures exchange.
Agreement to buy or sell a set number of shares of a commodity or financial instruments in a designated future month at a price agreed upon by the buyer and seller.
A day in which the daily range is completely above or below the previous day's daily range.
Unethical brokerage activity whereby the broker trades first for his or her own account before filling the customer's order(s).
To buy securities, options or futures.
Sometimes simply called "GTC", it means an order to buy or sell stock that is good until you cancel it.
To sell securities, options or futures.
High IV This is the highest ATM IV found over a historical time period for the stock. The period chosen is a 6 month period.