<!-- Begin definition
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definition[1] = "When an options holder exercises the contract, an options writer is chosen to fulfill the obligation.";
definition[2] = "A pricing model that calculates the theoretical value of an option, based on factors including volatility and time until expiration.";
definition[3] = "You simultaneously purchase shares of stock and write a call on that stock.";
definition[4] = "If you're an options holder, this means you give an order to act on an option, and the options writer must transfer to you or receive from you the shares of stock-or amount of cash-covered by the option.";
definition[5] = "The date after which an option is no longer valid, and you can no longer exercise it.";
definition[6] = "If you purchase an option to open a position, what are you?";
definition[7] = "The value of an option if you exercised it at a given moment. Out-of-the-money and at-the-money options do not have me. For in-the-money options, I am the difference between the strike price and the underlying stock price.";
definition[8] = "Each separate options position in a strategy that calls for you to hold multiple positions at the same time, such as a spread.";
definition[9] = " An option whose expiration date is between one and three years away.";
definition[10] = "A tool that lets you see all the available options for an underlying stock, including their prices and other trading data.";
definition[11] = "All the calls or puts on an underlying stock with identical terms, including expiration month and strike price.";
definition[12] = "When you purchase a put on stock you already own.";
definition[13] = "A ratio of the number of puts traded compared to the number of calls traded for a particular options class.";
definition[14] = "Extending your options strategy by closing an existing position and opening a new one on the same underlying instrument with a different expiration or strike price.";
definition[15] = "An options strategy that calls for you to hold two or more simultaneous positions. May also refer to the difference between an option's bid-ask price.";
definition[16] = "The decline in value of your option as the expiration date approaches.";
definition[17] = "The perceived and often changing value of the time left until an option's expiration.";
definition[18] = "You simultaneously purchase and write two or more options with different strike prices and the same expiration month.";
definition[19] = "The Volatility Index, or a compilation of volatility of several S&P 500 options. You might use this as a benchmark for the market's perception of volatility.";
definition[20] = "An option that you can exercise at any point before expiration. Equity options are American style.";
definition[21] = "When the price of the underlying stock is the same as or close to your option's strike price.";
definition[22] = "An option contract, usually an index option, that requires cash to change hands at exercise. The exact amount of cash is calculated by a specific formula, using the option's intrinsic value.";
definition[23] = "You simultaneously purchase a protective put and write a covered call. Also known as a fence.";
definition[24] = "You write a call on stock you hold. Also known as an overwrite.";
definition[25] = "A contract to buy or sell shares of a stock, an exchange-traded fund (ETF), or other equity interest at a certain price before a certain time.";
definition[26] = "An options contract that you can exercise only at expiration, not before.";
definition[27] = "Able to be bought and sold on multiple exchanges or markets.";
definition[28] = "When the strike price of an option is below the market price for the underlying stock, in the case of a call, and above the underlying stock price, in the case of a put.";
definition[29] = "If you leverage, you use a small amount of money to control an investment of much larger value.";
definition[30] = "You simultaneously purchase shares of stock and a put on that stock.";
definition[31] = "You write a call on stock you don't hold.";
definition[32] = "The number of contracts in existence in the market on a certain option.";
definition[33] = "All the calls or all the puts on an underlying security.";
definition[34] = "An option that calls for you to deliver if you're the writer, or receive if you're the holder, 100 shares of stock at exercise.";
definition[35] = "The price you pay if you're an options buyer, or the amount you receive if you're an options writer.";
definition[36] = "A trader who leads the auction for an options class or a set of underlying securities, and maintains a fair and orderly market.";
definition[37] = "The price at which you may buy the underlying stock, if you hold a call, or sell the underlying stock, if you hold a put.";
definition[38] = "How much an option price fluctuates. Historical volatility is a measure of past actual fluctuations. Implied volatility is a gauge of the market's prediction for its future fluctuation.";
definition[39] = "The number of positions that are traded, or opened and closed, during a time period for a specific option.";
definition[40] = "A security that loses value over time, and has no worth after a certain date.";
definition[41] = "If you sell an option to open a new position, you're a writer.";

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//  End definition -->

<!-- Begin term
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term[1] = "Assignment";
term[2] = "Black-Scholes Formula ";
term[3] = "Buy-Write";
term[4] = "Exercise";
term[5] = "Expiration Date";
term[6] = "Holder";
term[7] = "Intrinsic Value";
term[8] = "Leg";
term[9] = "Long-term Equity AnticiPation Securities (LEAPS)";
term[10] = "Options Chain";
term[11] = "Options Series";
term[12] = "Protective Put";
term[13] = "Put/Call Ratio";
term[14] = "Rolling";
term[15] = "Spread";
term[16] = "Time Decay";
term[17] = "Time Value";
term[18] = "Vertical Spread";
term[19] = "VIX";
term[20] = "American-Style";
term[21] = "At-The-Money";
term[22] = "Cash-Settled";
term[23] = "Collar";
term[24] = "Covered Call";
term[25] = "Equity Option";
term[26] = "European-Style";
term[27] = "Fungible";
term[28] = "In-The-Money";
term[29] = "Leverage";
term[30] = "Married Put";
term[31] = "Naked Call";
term[32] = "Open Interest";
term[33] = "Options Class";
term[34] = "Physical Delivery";
term[35] = "Premium";
term[36] = "Specialist";
term[37] = "Strike Price";
term[38] = "Volatility";
term[39] = "Volume";
term[40] = "Wasting Asset";
term[41] = "Writer";

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//  End term -->

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