Glossary & Terminology
A glossary of commonly-used terms in our server.
Stock Terms SS - Short Sale
Blue Chip - Large Companies, Usually $50BN+ in Size OTC - Over the counter, shit stocks, penny stocks that are not registered
Support - Where there is more buying
Resistance - Where there is more selling SL - Stop Loss VWAP - Volume weighted average price MACD - Moving Average Convergence Divergence RSI - Relative Strength Index EMA - Exponential Moving Average MA - Moving average PT - Price Target BTO - Buy to Open STC - Sell to Close STO - Sell to Open BTC - Buy to Close
Expiration Date - The date in which the options contract will become worthless if not exercised (why options are higher risk/reward).
Strike Price - The price in which you can buy or sell the stock if you choose to exercise the contract.
Examples:
BTO AAPL 320C 07/10
This means buy to open call options (C stands for calls), on AAPL stock at $320 strike price, expiring July 10th.
STC AMZN 3000P 07/17
This means sell to close put options (P stands for puts) on AMZN stock at $3000 strike price, expiring July 17th.
Every options contract is determined by 3 pieces of information:
The underlying stock
The strike price
The expiration date
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