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Casual Articles - Glossary
Successful People Are On Time!
I recently attended a Microsoft event at their corporate headquarters in Redmond, Washington. This event was a fantastic opportunity to meet with fellow leaders in the Microsoft partner community from around the world and spend quality time with each one of them. The event was held over four days and we had a very tight schedule and the importance of timeliness was critical to its overall success.The timeliness factor really didn’t hit me until I was ready to head back to the airport for my trip home. My town car arrived a few minutes early to collect me and I noticed that the driver was there waiting so I signaled to him that I would be ready in the next few minutes. I collected my personal belongings from the hotel concierge and met the driver for the trip from downtown Seattle to SeaTac Airport.n the premium for an option
consists strictly of intrinsic value. The amount by which an
option is in the money.
PUT: An option granting the owner the right, but not the
obligation, to sell the underlying security at a certain price
for a specified period of time.
SHORT: Generally refers to the selling of an option contract
that is not previously owned. This term is used to designate the
position the option seller has after he has written an option.
Any position (stock, option, or combination of) whereby the
holder of the position profits from a decrease in the stock
price.
STRIKE PRICE: The price at which the owner of the option may buy
or sell the underlying security. Similarly, it is the price at
which the seller of the option must buy or sell the underlying
security and is also known as the Exercise Price.
TIME VALUE: The part of an option premium that is in excess of
the intrinsic value.
PREMIUM: The total amount paid for an option.
TIME DECAY: The rate by which an options extrinsic value
decreases over time.
UNDERLYING: The stock, commodity, currency, cash index or other
security to be delivered in the event that an option is
current market price of the underlying stock.
ASSIGN: To designate an option writer (seller) for fulfillment
of his obligation to sell stock (call option writer) or buy
stock (put option writer). The writer receives an assignment
notice from the Options Clearing Corporation (OCC).
CALL: An option which gives the owner the right, but not the
obligation, to buy the underlying security at a specified price
for a certain fixed period of time.
CLOSING TRANSACTION: A trade which reduces or decreases the net
position of an investor.
CONTRA-HOUSE/CONTRA-SIDE: The “other person” in a transaction
(i.e., the seller to your purchase or the purchaser of your
sale).
DELTA: The first derivative of the stock. Delta has a three
pronged definition. The first is percentage change. The delta
number is given as a percentage, meaning how much in percentage
terms the option price will change with a movement in the stock.
A 50 delta option will move 50% the amount the stock moves. If
the stock moves $1.00, than the option moves $.50. A 30 delta
option moves $.30 on a $1.00 movement in the stock, and so on.
Delta can also be defined as percentage chance. This is used to
describe the percentage chance that the option will end up
in-the-money. A 90 delta option has a 90% chance of finishing
in-the-money. Finally, delta can also be defined as hedge ratio.
The hedge ratio is the amount of equivalent stock needed to
properly hedge a position.
DERIVATIVE: A product which derives (gets) its price based on
the price of something else. In the case of options, an options
price is derived from the underlying instrument on which the
option is based (i.e. stock or other security).
EXERCISE: The action taken by an option holder that requires the
writer to perform the terms of the contract. Call holders
exercise to buy the underlying security, while put holders
exercise to sell the underlying security.
EXPIRATION DATE: The day on which an option contract expires.
The expiration date for stock options is the Saturday following
the third Friday of the expiration month.
EXTRINSIC VALUE: The price of an option less its intrinsic
value. In the case of out-of-the-money options, the option’s
entire price consists only of extrinsic value. Extrinsic value
is made up of several components, with the largest being
volatility. Also known as Time Value.
HOLDER: The buyer of an option. Also known as the owner.
IN-THE-MONEY: An option is considered to be in-the-money when,
in the case of a call, the call’s strike price is lower than the
price of the stock. In the case of a put, a put is considered to
be in-the-money when the put’s strike price is higher than the
price of the stock.
INTRINSIC VALUE: The value of the option in relation to the
price of the underlying security. For call options it is the
difference between the stock price and striking price, if that
difference is a positive number, or zero otherwise. For put
options it is the difference between the striking price and the
stock price, if that difference is positive, or zero otherwise.
Only in-the-money options have intrinsic value.
LONG: Generally refers to ownership. The number of contracts or
shares in a particular series, class or underlying stock an
account possesses. Any position (stock, option, or combination
of) whereby the holder of the position profits from an increase
in the price of the stock.
NAKED: The term naked signifies any position that is not hedged.
For example, “naked stock position” would indicate that the
investor has a stock position with no form of hedge (calls,
puts) against it.
OPTION: A derivative product that gives the owner the right, but
not the obligation to by a specified security, at a specified
price, by a specified date. The seller, on the other hand, is
obligated to buy or sell a specified security, at a specified
price, by a specified date.
OPTION SERIES: All option contracts on the same underlying stock
having the same price, expiration date and unit of trading.
OPTION CLASS: A term used to refer to all put and call contracts
on the same underlying security.
OPENING TRANSACTION: A trade which creates or increases the net
position of an investor.
OPTION BUYER: The individual who obtains the right but not the
obligation to exercise an option.
OPTION SELLER: (Writer) The individual who is obligated, if and
when he is assigned an exercise, to perform according to the
terms of the option.
OUT-OF-THE-MONEY: A call option whose strike price is above the
market price of the stock, or a put option whose strike price is
below the market price of the stock.
PARITY: A condition which exists when the premium for an option
consists strictly of intrinsic value. The amount by which an
option is in the money.
PUT: An option granting the owner the right, but not the
obligation, to sell the underlying security at a certain price
for a specified period of time.
SHORT: Generally refers to the selling of an option contract
that is not previously owned. This term is used to designate the
position the option seller has after he has written an option.
Any position (stock, option, or combination of) whereby the
holder of the position profits from a decrease in the stock
price.
STRIKE PRICE: The price at which the owner of the option may buy
or sell the underlying security. Similarly, it is the price at
which the seller of the option must buy or sell the underlying
security and is also known as the Exercise Price.
TIME VALUE: The part of an option premium that is in excess of
the intrinsic value.
PREMIUM: The total amount paid for an option.
TIME DECAY: The rate by which an options extrinsic value
decreases over time.
UNDERLYING: The stock, commodity, currency, cash index or other
security to be delivered in the event that an option is
describe the percentage chance that the option will end up
in-the-money. A 90 delta option has a 90% chance of finishing
in-the-money. Finally, delta can also be defined as hedge ratio.
The hedge ratio is the amount of equivalent stock needed to
properly hedge a position.
DERIVATIVE: A product which derives (gets) its price based on
the price of something else. In the case of options, an options
price is derived from the underlying instrument on which the
option is based (i.e. stock or other security).
EXERCISE: The action taken by an option holder that requires the
writer to perform the terms of the contract. Call holders
exercise to buy the underlying security, while put holders
exercise to sell the underlying security.
EXPIRATION DATE: The day on which an option contract expires.
The expiration date for stock options is the Saturday following
the third Friday of the expiration month.
EXTRINSIC VALUE: The price of an option less its intrinsic
value. In the case of out-of-the-money options, the option’s
entire price consists only of extrinsic value. Extrinsic value
is made up of several components, with the largest being
volatility. Also known as Time Value.
HOLDER: The buyer of an option. Also known as the owner.
IN-THE-MONEY: An option is considered to be in-the-money when,
in the case of a call, the call’s strike price is lower than the
price of the stock. In the case of a put, a put is considered to
be in-the-money when the put’s strike price is higher than the
price of the stock.
INTRINSIC VALUE: The value of the option in relation to the
price of the underlying security. For call options it is the
difference between the stock price and striking price, if that
difference is a positive number, or zero otherwise. For put
options it is the difference between the striking price and the
stock price, if that difference is positive, or zero otherwise.
Only in-the-money options have intrinsic value.
LONG: Generally refers to ownership. The number of contracts or
shares in a particular series, class or underlying stock an
account possesses. Any position (stock, option, or combination
of) whereby the holder of the position profits from an increase
in the price of the stock.
NAKED: The term naked signifies any position that is not hedged.
For example, “naked stock position” would indicate that the
investor has a stock position with no form of hedge (calls,
puts) against it.
OPTION: A derivative product that gives the owner the right, but
not the obligation to by a specified security, at a specified
price, by a specified date. The seller, on the other hand, is
obligated to buy or sell a specified security, at a specified
price, by a specified date.
OPTION SERIES: All option contracts on the same underlying stock
having the same price, expiration date and unit of trading.
OPTION CLASS: A term used to refer to all put and call contracts
on the same underlying security.
OPENING TRANSACTION: A trade which creates or increases the net
position of an investor.
OPTION BUYER: The individual who obtains the right but not the
obligation to exercise an option.
OPTION SELLER: (Writer) The individual who is obligated, if and
when he is assigned an exercise, to perform according to the
terms of the option.
OUT-OF-THE-MONEY: A call option whose strike price is above the
market price of the stock, or a put option whose strike price is
below the market price of the stock.
PARITY: A condition which exists when the premium for an option
consists strictly of intrinsic value. The amount by which an
option is in the money.
PUT: An option granting the owner the right, but not the
obligation, to sell the underlying security at a certain price
for a specified period of time.
SHORT: Generally refers to the selling of an option contract
that is not previously owned. This term is used to designate the
position the option seller has after he has written an option.
Any position (stock, option, or combination of) whereby the
holder of the position profits from a decrease in the stock
price.
STRIKE PRICE: The price at which the owner of the option may buy
or sell the underlying security. Similarly, it is the price at
which the seller of the option must buy or sell the underlying
security and is also known as the Exercise Price.
TIME VALUE: The part of an option premium that is in excess of
the intrinsic value.
PREMIUM: The total amount paid for an option.
TIME DECAY: The rate by which an options extrinsic value
decreases over time.
UNDERLYING: The stock, commodity, currency, cash index or other
security to be delivered in the event that an option is
volatility. Also known as Time Value.
HOLDER: The buyer of an option. Also known as the owner.
IN-THE-MONEY: An option is considered to be in-the-money when,
in the case of a call, the call’s strike price is lower than the
price of the stock. In the case of a put, a put is considered to
be in-the-money when the put’s strike price is higher than the
price of the stock.
INTRINSIC VALUE: The value of the option in relation to the
price of the underlying security. For call options it is the
difference between the stock price and striking price, if that
difference is a positive number, or zero otherwise. For put
options it is the difference between the striking price and the
stock price, if that difference is positive, or zero otherwise.
Only in-the-money options have intrinsic value.
LONG: Generally refers to ownership. The number of contracts or
shares in a particular series, class or underlying stock an
account possesses. Any position (stock, option, or combination
of) whereby the holder of the position profits from an increase
in the price of the stock.
NAKED: The term naked signifies any position that is not hedged.
For example, “naked stock position” would indicate that the
investor has a stock position with no form of hedge (calls,
puts) against it.
OPTION: A derivative product that gives the owner the right, but
not the obligation to by a specified security, at a specified
price, by a specified date. The seller, on the other hand, is
obligated to buy or sell a specified security, at a specified
price, by a specified date.
OPTION SERIES: All option contracts on the same underlying stock
having the same price, expiration date and unit of trading.
OPTION CLASS: A term used to refer to all put and call contracts
on the same underlying security.
OPENING TRANSACTION: A trade which creates or increases the net
position of an investor.
OPTION BUYER: The individual who obtains the right but not the
obligation to exercise an option.
OPTION SELLER: (Writer) The individual who is obligated, if and
when he is assigned an exercise, to perform according to the
terms of the option.
OUT-OF-THE-MONEY: A call option whose strike price is above the
market price of the stock, or a put option whose strike price is
below the market price of the stock.
PARITY: A condition which exists when the premium for an option
consists strictly of intrinsic value. The amount by which an
option is in the money.
PUT: An option granting the owner the right, but not the
obligation, to sell the underlying security at a certain price
for a specified period of time.
SHORT: Generally refers to the selling of an option contract
that is not previously owned. This term is used to designate the
position the option seller has after he has written an option.
Any position (stock, option, or combination of) whereby the
holder of the position profits from a decrease in the stock
price.
STRIKE PRICE: The price at which the owner of the option may buy
or sell the underlying security. Similarly, it is the price at
which the seller of the option must buy or sell the underlying
security and is also known as the Exercise Price.
TIME VALUE: The part of an option premium that is in excess of
the intrinsic value.
PREMIUM: The total amount paid for an option.
TIME DECAY: The rate by which an options extrinsic value
decreases over time.
UNDERLYING: The stock, commodity, currency, cash index or other
security to be delivered in the event that an option is
investor has a stock position with no form of hedge (calls,
puts) against it.
OPTION: A derivative product that gives the owner the right, but
not the obligation to by a specified security, at a specified
price, by a specified date. The seller, on the other hand, is
obligated to buy or sell a specified security, at a specified
price, by a specified date.
OPTION SERIES: All option contracts on the same underlying stock
having the same price, expiration date and unit of trading.
OPTION CLASS: A term used to refer to all put and call contracts
on the same underlying security.
OPENING TRANSACTION: A trade which creates or increases the net
position of an investor.
OPTION BUYER: The individual who obtains the right but not the
obligation to exercise an option.
OPTION SELLER: (Writer) The individual who is obligated, if and
when he is assigned an exercise, to perform according to the
terms of the option.
OUT-OF-THE-MONEY: A call option whose strike price is above the
market price of the stock, or a put option whose strike price is
below the market price of the stock.
PARITY: A condition which exists when the premium for an option
consists strictly of intrinsic value. The amount by which an
option is in the money.
PUT: An option granting the owner the right, but not the
obligation, to sell the underlying security at a certain price
for a specified period of time.
SHORT: Generally refers to the selling of an option contract
that is not previously owned. This term is used to designate the
position the option seller has after he has written an option.
Any position (stock, option, or combination of) whereby the
holder of the position profits from a decrease in the stock
price.
STRIKE PRICE: The price at which the owner of the option may buy
or sell the underlying security. Similarly, it is the price at
which the seller of the option must buy or sell the underlying
security and is also known as the Exercise Price.
TIME VALUE: The part of an option premium that is in excess of
the intrinsic value.
PREMIUM: The total amount paid for an option.
TIME DECAY: The rate by which an options extrinsic value
decreases over time.
UNDERLYING: The stock, commodity, currency, cash index or other
security to be delivered in the event that an option is
consists strictly of intrinsic value. The amount by which an
option is in the money.
PUT: An option granting the owner the right, but not the
obligation, to sell the underlying security at a certain price
for a specified period of time.
SHORT: Generally refers to the selling of an option contract
that is not previously owned. This term is used to designate the
position the option seller has after he has written an option.
Any position (stock, option, or combination of) whereby the
holder of the position profits from a decrease in the stock
price.
STRIKE PRICE: The price at which the owner of the option may buy
or sell the underlying security. Similarly, it is the price at
which the seller of the option must buy or sell the underlying
security and is also known as the Exercise Price.
TIME VALUE: The part of an option premium that is in excess of
the intrinsic value.
PREMIUM: The total amount paid for an option.
TIME DECAY: The rate by which an options extrinsic value
decreases over time.
UNDERLYING: The stock, commodity, currency, cash index or other
security to be delivered in the event that an option is
exercised.
WRITER: The seller of an option.
I recently attended a Microsoft event at their corporate headquarters in Redmond, Washington. This event was a fantastic opportunity to meet with fellow leaders in the Microsoft partner community from around the world and spend quality time with each one of them. The event was held over four days and we had a very tight schedule and the importance of timeliness was critical to its overall success.The timeliness factor really didn’t hit me until I was ready to head back to the airport for my trip home. My town car arrived a few minutes early to collect me and I noticed that the driver was there waiting so I signaled to him that I would be ready in the next few minutes. I collected my personal belongings from the hotel concierge and met the driver for the trip from downtown Seattle to SeaTac Airport.n the premium for an option
consists strictly of intrinsic value. The amount by which an
option is in the money.
PUT: An option granting the owner the right, but not the
obligation, to sell the underlying security at a certain price
for a specified period of time.
SHORT: Generally refers to the selling of an option contract
that is not previously owned. This term is used to designate the
position the option seller has after he has written an option.
Any position (stock, option, or combination of) whereby the
holder of the position profits from a decrease in the stock
price.
STRIKE PRICE: The price at which the owner of the option may buy
or sell the underlying security. Similarly, it is the price at
which the seller of the option must buy or sell the underlying
security and is also known as the Exercise Price.
TIME VALUE: The part of an option premium that is in excess of
the intrinsic value.
PREMIUM: The total amount paid for an option.
TIME DECAY: The rate by which an options extrinsic value
decreases over time.
UNDERLYING: The stock, commodity, currency, cash index or other
security to be delivered in the event that an option is
How to Present Your Resume
One of the most important things you must consider when writing your resume or curriculum vitae is the design and layout.TypefaceThe first thing to consider is your choice of typeface. You want your resume to stand out, not compete with wedding or funeral announcements. Our advice is that you stick to a simple, clean typeface like Arial, Times Roman, or Helvetica. They are our choice because of their simplicity of design and clarity. Another trap to avoid is combining different typeface styles (like Times Roman and Helvetica). Each of these typefaces offers a variety of light, italic, and bold that can be used to produce an attractive visual effect.LengthDebate among the "experts" continues as to whether resumes must be limited to a single page. Our take on this reverts to common sens
AT-THE-MONEY: An option whose strike price is equal to theOne of the most important things you must consider when writing your resume or curriculum vitae is the design and layout.TypefaceThe first thing to consider is your choice of typeface. You want your resume to stand out, not compete with wedding or funeral announcements. Our advice is that you stick to a simple, clean typeface like Arial, Times Roman, or Helvetica. They are our choice because of their simplicity of design and clarity. Another trap to avoid is combining different typeface styles (like Times Roman and Helvetica). Each of these typefaces offers a variety of light, italic, and bold that can be used to produce an attractive visual effect.LengthDebate among the "experts" continues as to whether resumes must be limited to a single page. Our take on this reverts to common sens
current market price of the underlying stock.
ASSIGN: To designate an option writer (seller) for fulfillment
of his obligation to sell stock (call option writer) or buy
stock (put option writer). The writer receives an assignment
notice from the Options Clearing Corporation (OCC).
CALL: An option which gives the owner the right, but not the
obligation, to buy the underlying security at a specified price
for a certain fixed period of time.
CLOSING TRANSACTION: A trade which reduces or decreases the net
position of an investor.
CONTRA-HOUSE/CONTRA-SIDE: The “other person” in a transaction
(i.e., the seller to your purchase or the purchaser of your
sale).
DELTA: The first derivative of the stock. Delta has a three
pronged definition. The first is percentage change. The delta
number is given as a percentage, meaning how much in percentage
terms the option price will change with a movement in the stock.
A 50 delta option will move 50% the amount the stock moves. If
the stock moves $1.00, than the option moves $.50. A 30 delta
option moves $.30 on a $1.00 movement in the stock, and so on.
Delta can also be defined as percentage chance. This is used to
describe the percentage chance that the option will end up
in-the-money. A 90 delta option has a 90% chance of finishing
in-the-money. Finally, delta can also be defined as hedge ratio.
The hedge ratio is the amount of equivalent stock needed to
properly hedge a position.
DERIVATIVE: A product which derives (gets) its price based on
the price of something else. In the case of options, an options
price is derived from the underlying instrument on which the
option is based (i.e. stock or other security).
EXERCISE: The action taken by an option holder that requires the
writer to perform the terms of the contract. Call holders
exercise to buy the underlying security, while put holders
exercise to sell the underlying security.
EXPIRATION DATE: The day on which an option contract expires.
The expiration date for stock options is the Saturday following
the third Friday of the expiration month.
EXTRINSIC VALUE: The price of an option less its intrinsic
value. In the case of out-of-the-money options, the option’s
entire price consists only of extrinsic value. Extrinsic value
is made up of several components, with the largest being
volatility. Also known as Time Value.
HOLDER: The buyer of an option. Also known as the owner.
IN-THE-MONEY: An option is considered to be in-the-money when,
in the case of a call, the call’s strike price is lower than the
price of the stock. In the case of a put, a put is considered to
be in-the-money when the put’s strike price is higher than the
price of the stock.
INTRINSIC VALUE: The value of the option in relation to the
price of the underlying security. For call options it is the
difference between the stock price and striking price, if that
difference is a positive number, or zero otherwise. For put
options it is the difference between the striking price and the
stock price, if that difference is positive, or zero otherwise.
Only in-the-money options have intrinsic value.
LONG: Generally refers to ownership. The number of contracts or
shares in a particular series, class or underlying stock an
account possesses. Any position (stock, option, or combination
of) whereby the holder of the position profits from an increase
in the price of the stock.
NAKED: The term naked signifies any position that is not hedged.
For example, “naked stock position” would indicate that the
investor has a stock position with no form of hedge (calls,
puts) against it.
OPTION: A derivative product that gives the owner the right, but
not the obligation to by a specified security, at a specified
price, by a specified date. The seller, on the other hand, is
obligated to buy or sell a specified security, at a specified
price, by a specified date.
OPTION SERIES: All option contracts on the same underlying stock
having the same price, expiration date and unit of trading.
OPTION CLASS: A term used to refer to all put and call contracts
on the same underlying security.
OPENING TRANSACTION: A trade which creates or increases the net
position of an investor.
OPTION BUYER: The individual who obtains the right but not the
obligation to exercise an option.
OPTION SELLER: (Writer) The individual who is obligated, if and
when he is assigned an exercise, to perform according to the
terms of the option.
OUT-OF-THE-MONEY: A call option whose strike price is above the
market price of the stock, or a put option whose strike price is
below the market price of the stock.
PARITY: A condition which exists when the premium for an option
consists strictly of intrinsic value. The amount by which an
option is in the money.
PUT: An option granting the owner the right, but not the
obligation, to sell the underlying security at a certain price
for a specified period of time.
SHORT: Generally refers to the selling of an option contract
that is not previously owned. This term is used to designate the
position the option seller has after he has written an option.
Any position (stock, option, or combination of) whereby the
holder of the position profits from a decrease in the stock
price.
STRIKE PRICE: The price at which the owner of the option may buy
or sell the underlying security. Similarly, it is the price at
which the seller of the option must buy or sell the underlying
security and is also known as the Exercise Price.
TIME VALUE: The part of an option premium that is in excess of
the intrinsic value.
PREMIUM: The total amount paid for an option.
TIME DECAY: The rate by which an options extrinsic value
decreases over time.
UNDERLYING: The stock, commodity, currency, cash index or other
security to be delivered in the event that an option is
Debt Settlement - Your Questions Answered
For many people, the decision to eliminate credit card debt through debt settlement is a difficult one to make. This is due to the fact that most consumers aren’t well-educated in the area of debt settlement.Over the past several years I’ve been asked numerous questions regarding the process of debt settlement, and have summarized those inquiries below:What type of debt can be negotiated through debt settlement?The majority of the debt you’re attempting to negotiate with your creditors would be unsecured credit card debt, as it allows a greater amount of leverage when negotiating, and the end result will likely be a satisfactory settlement to both the debtor (consumer) and creditor. Department store charge cards, financing contracts, medical bills and miscellaneous de
lso be defined as percentage chance. This is used toFor many people, the decision to eliminate credit card debt through debt settlement is a difficult one to make. This is due to the fact that most consumers aren’t well-educated in the area of debt settlement.Over the past several years I’ve been asked numerous questions regarding the process of debt settlement, and have summarized those inquiries below:What type of debt can be negotiated through debt settlement?The majority of the debt you’re attempting to negotiate with your creditors would be unsecured credit card debt, as it allows a greater amount of leverage when negotiating, and the end result will likely be a satisfactory settlement to both the debtor (consumer) and creditor. Department store charge cards, financing contracts, medical bills and miscellaneous de
describe the percentage chance that the option will end up
in-the-money. A 90 delta option has a 90% chance of finishing
in-the-money. Finally, delta can also be defined as hedge ratio.
The hedge ratio is the amount of equivalent stock needed to
properly hedge a position.
DERIVATIVE: A product which derives (gets) its price based on
the price of something else. In the case of options, an options
price is derived from the underlying instrument on which the
option is based (i.e. stock or other security).
EXERCISE: The action taken by an option holder that requires the
writer to perform the terms of the contract. Call holders
exercise to buy the underlying security, while put holders
exercise to sell the underlying security.
EXPIRATION DATE: The day on which an option contract expires.
The expiration date for stock options is the Saturday following
the third Friday of the expiration month.
EXTRINSIC VALUE: The price of an option less its intrinsic
value. In the case of out-of-the-money options, the option’s
entire price consists only of extrinsic value. Extrinsic value
is made up of several components, with the largest being
volatility. Also known as Time Value.
HOLDER: The buyer of an option. Also known as the owner.
IN-THE-MONEY: An option is considered to be in-the-money when,
in the case of a call, the call’s strike price is lower than the
price of the stock. In the case of a put, a put is considered to
be in-the-money when the put’s strike price is higher than the
price of the stock.
INTRINSIC VALUE: The value of the option in relation to the
price of the underlying security. For call options it is the
difference between the stock price and striking price, if that
difference is a positive number, or zero otherwise. For put
options it is the difference between the striking price and the
stock price, if that difference is positive, or zero otherwise.
Only in-the-money options have intrinsic value.
LONG: Generally refers to ownership. The number of contracts or
shares in a particular series, class or underlying stock an
account possesses. Any position (stock, option, or combination
of) whereby the holder of the position profits from an increase
in the price of the stock.
NAKED: The term naked signifies any position that is not hedged.
For example, “naked stock position” would indicate that the
investor has a stock position with no form of hedge (calls,
puts) against it.
OPTION: A derivative product that gives the owner the right, but
not the obligation to by a specified security, at a specified
price, by a specified date. The seller, on the other hand, is
obligated to buy or sell a specified security, at a specified
price, by a specified date.
OPTION SERIES: All option contracts on the same underlying stock
having the same price, expiration date and unit of trading.
OPTION CLASS: A term used to refer to all put and call contracts
on the same underlying security.
OPENING TRANSACTION: A trade which creates or increases the net
position of an investor.
OPTION BUYER: The individual who obtains the right but not the
obligation to exercise an option.
OPTION SELLER: (Writer) The individual who is obligated, if and
when he is assigned an exercise, to perform according to the
terms of the option.
OUT-OF-THE-MONEY: A call option whose strike price is above the
market price of the stock, or a put option whose strike price is
below the market price of the stock.
PARITY: A condition which exists when the premium for an option
consists strictly of intrinsic value. The amount by which an
option is in the money.
PUT: An option granting the owner the right, but not the
obligation, to sell the underlying security at a certain price
for a specified period of time.
SHORT: Generally refers to the selling of an option contract
that is not previously owned. This term is used to designate the
position the option seller has after he has written an option.
Any position (stock, option, or combination of) whereby the
holder of the position profits from a decrease in the stock
price.
STRIKE PRICE: The price at which the owner of the option may buy
or sell the underlying security. Similarly, it is the price at
which the seller of the option must buy or sell the underlying
security and is also known as the Exercise Price.
TIME VALUE: The part of an option premium that is in excess of
the intrinsic value.
PREMIUM: The total amount paid for an option.
TIME DECAY: The rate by which an options extrinsic value
decreases over time.
UNDERLYING: The stock, commodity, currency, cash index or other
security to be delivered in the event that an option is
How To Make Niche Profits Without a Website
You don't need to buy any "amazing new ebook" or a bunch of fancy software. You don't need to write hundreds of pages of content or hire someone to.You don't need to do a ton of research to find a topic You don't have to spend a dime and you can start doing it right now.You don't even need a website.Just follow the simple instructions below and you can make niche profits on autopilot.1. First choose a topic-It doesn't matter if it's a more competitive topic, you won't be competing for search engine results.Once you have chosen your topic go to overture.com and use their free keyword selector tool to get a list of commonly searched terms related to your topic.Find a keyword that has a good number of searches and a relatively low number of quality results on yahoo. Quality
gest beingYou don't need to buy any "amazing new ebook" or a bunch of fancy software. You don't need to write hundreds of pages of content or hire someone to.You don't need to do a ton of research to find a topic You don't have to spend a dime and you can start doing it right now.You don't even need a website.Just follow the simple instructions below and you can make niche profits on autopilot.1. First choose a topic-It doesn't matter if it's a more competitive topic, you won't be competing for search engine results.Once you have chosen your topic go to overture.com and use their free keyword selector tool to get a list of commonly searched terms related to your topic.Find a keyword that has a good number of searches and a relatively low number of quality results on yahoo. Quality
volatility. Also known as Time Value.
HOLDER: The buyer of an option. Also known as the owner.
IN-THE-MONEY: An option is considered to be in-the-money when,
in the case of a call, the call’s strike price is lower than the
price of the stock. In the case of a put, a put is considered to
be in-the-money when the put’s strike price is higher than the
price of the stock.
INTRINSIC VALUE: The value of the option in relation to the
price of the underlying security. For call options it is the
difference between the stock price and striking price, if that
difference is a positive number, or zero otherwise. For put
options it is the difference between the striking price and the
stock price, if that difference is positive, or zero otherwise.
Only in-the-money options have intrinsic value.
LONG: Generally refers to ownership. The number of contracts or
shares in a particular series, class or underlying stock an
account possesses. Any position (stock, option, or combination
of) whereby the holder of the position profits from an increase
in the price of the stock.
NAKED: The term naked signifies any position that is not hedged.
For example, “naked stock position” would indicate that the
investor has a stock position with no form of hedge (calls,
puts) against it.
OPTION: A derivative product that gives the owner the right, but
not the obligation to by a specified security, at a specified
price, by a specified date. The seller, on the other hand, is
obligated to buy or sell a specified security, at a specified
price, by a specified date.
OPTION SERIES: All option contracts on the same underlying stock
having the same price, expiration date and unit of trading.
OPTION CLASS: A term used to refer to all put and call contracts
on the same underlying security.
OPENING TRANSACTION: A trade which creates or increases the net
position of an investor.
OPTION BUYER: The individual who obtains the right but not the
obligation to exercise an option.
OPTION SELLER: (Writer) The individual who is obligated, if and
when he is assigned an exercise, to perform according to the
terms of the option.
OUT-OF-THE-MONEY: A call option whose strike price is above the
market price of the stock, or a put option whose strike price is
below the market price of the stock.
PARITY: A condition which exists when the premium for an option
consists strictly of intrinsic value. The amount by which an
option is in the money.
PUT: An option granting the owner the right, but not the
obligation, to sell the underlying security at a certain price
for a specified period of time.
SHORT: Generally refers to the selling of an option contract
that is not previously owned. This term is used to designate the
position the option seller has after he has written an option.
Any position (stock, option, or combination of) whereby the
holder of the position profits from a decrease in the stock
price.
STRIKE PRICE: The price at which the owner of the option may buy
or sell the underlying security. Similarly, it is the price at
which the seller of the option must buy or sell the underlying
security and is also known as the Exercise Price.
TIME VALUE: The part of an option premium that is in excess of
the intrinsic value.
PREMIUM: The total amount paid for an option.
TIME DECAY: The rate by which an options extrinsic value
decreases over time.
UNDERLYING: The stock, commodity, currency, cash index or other
security to be delivered in the event that an option is
The Spontaneous Application
Many of the available jobs in the market are not published by the companies. This is the perfect opportunity to make a spontaneous application. Don't know what it is? The spontaneous application is a way of getting someone to know you, to make your own self promotion. And exactly how do you do it? Just write and publish your own job add. Write and send letter with a spontaneous application. Advertise yourself!! How do you write your own add? Start by gathering and analyze several job offers to sharpen the way to write your add. Keep in mind that to be effective, the add must be: . Comprehensible (easy reading) . Direct (written in telegraphic style) . Objective (highlighting the most important aspects regarding the job you want) . Appealing (in order to motivate your potential employers
position” would indicate that theMany of the available jobs in the market are not published by the companies. This is the perfect opportunity to make a spontaneous application. Don't know what it is? The spontaneous application is a way of getting someone to know you, to make your own self promotion. And exactly how do you do it? Just write and publish your own job add. Write and send letter with a spontaneous application. Advertise yourself!! How do you write your own add? Start by gathering and analyze several job offers to sharpen the way to write your add. Keep in mind that to be effective, the add must be: . Comprehensible (easy reading) . Direct (written in telegraphic style) . Objective (highlighting the most important aspects regarding the job you want) . Appealing (in order to motivate your potential employers
investor has a stock position with no form of hedge (calls,
puts) against it.
OPTION: A derivative product that gives the owner the right, but
not the obligation to by a specified security, at a specified
price, by a specified date. The seller, on the other hand, is
obligated to buy or sell a specified security, at a specified
price, by a specified date.
OPTION SERIES: All option contracts on the same underlying stock
having the same price, expiration date and unit of trading.
OPTION CLASS: A term used to refer to all put and call contracts
on the same underlying security.
OPENING TRANSACTION: A trade which creates or increases the net
position of an investor.
OPTION BUYER: The individual who obtains the right but not the
obligation to exercise an option.
OPTION SELLER: (Writer) The individual who is obligated, if and
when he is assigned an exercise, to perform according to the
terms of the option.
OUT-OF-THE-MONEY: A call option whose strike price is above the
market price of the stock, or a put option whose strike price is
below the market price of the stock.
PARITY: A condition which exists when the premium for an option
consists strictly of intrinsic value. The amount by which an
option is in the money.
PUT: An option granting the owner the right, but not the
obligation, to sell the underlying security at a certain price
for a specified period of time.
SHORT: Generally refers to the selling of an option contract
that is not previously owned. This term is used to designate the
position the option seller has after he has written an option.
Any position (stock, option, or combination of) whereby the
holder of the position profits from a decrease in the stock
price.
STRIKE PRICE: The price at which the owner of the option may buy
or sell the underlying security. Similarly, it is the price at
which the seller of the option must buy or sell the underlying
security and is also known as the Exercise Price.
TIME VALUE: The part of an option premium that is in excess of
the intrinsic value.
PREMIUM: The total amount paid for an option.
TIME DECAY: The rate by which an options extrinsic value
decreases over time.
UNDERLYING: The stock, commodity, currency, cash index or other
security to be delivered in the event that an option is
How To Develop An Effective Debt Management Program
A high quality debt management program will do so much more for you than simply tell you how to pay of your debts. It is much more complicated than that as clearing your debts is only half the battle - you need to change your thinking and philosophy to make sure they do not return as soon as you turn the corner. By selecting a reputable company to develop your debt management program, you will also benefit from someone assessing your situation and offering specific advice to help you manage your debts effectively.As such, a credible debt management program company will properly assess your situation and put in place a system that ensures the repayments are not to excessive for you to keep up long term. By doing so it you will be able to wipe out your debts by a combination of lower payments and reductio
n the premium for an optionA high quality debt management program will do so much more for you than simply tell you how to pay of your debts. It is much more complicated than that as clearing your debts is only half the battle - you need to change your thinking and philosophy to make sure they do not return as soon as you turn the corner. By selecting a reputable company to develop your debt management program, you will also benefit from someone assessing your situation and offering specific advice to help you manage your debts effectively.As such, a credible debt management program company will properly assess your situation and put in place a system that ensures the repayments are not to excessive for you to keep up long term. By doing so it you will be able to wipe out your debts by a combination of lower payments and reductio
consists strictly of intrinsic value. The amount by which an
option is in the money.
PUT: An option granting the owner the right, but not the
obligation, to sell the underlying security at a certain price
for a specified period of time.
SHORT: Generally refers to the selling of an option contract
that is not previously owned. This term is used to designate the
position the option seller has after he has written an option.
Any position (stock, option, or combination of) whereby the
holder of the position profits from a decrease in the stock
price.
STRIKE PRICE: The price at which the owner of the option may buy
or sell the underlying security. Similarly, it is the price at
which the seller of the option must buy or sell the underlying
security and is also known as the Exercise Price.
TIME VALUE: The part of an option premium that is in excess of
the intrinsic value.
PREMIUM: The total amount paid for an option.
TIME DECAY: The rate by which an options extrinsic value
decreases over time.
UNDERLYING: The stock, commodity, currency, cash index or other
security to be delivered in the event that an option is
exercised.
WRITER: The seller of an option.
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